Tag Archives: Tip O’Neill

Social Security retirment age is not 65

Fer Elvis’ sake! I can’t bear it any more.

What we hear: the eligibility age for full Social Security benefits is 65. Why, we all know that; it’s SS 101. And we also know that based on that, one of the popular ‘solutions’ to our non-existent SS problem is “raise the age to 67.”

FACT: The age for full benefits hasn’t been 65 since 2005.  At that point, based on the 30-year formula worked out by Ronald Reagan and Tip O’Neill and passed into law by Congress, the age began adjusting upward by two month increments each year, beginning in 2005. By 2016, the age will be 67. By law. Passed 28 yeas ago.

We need to get the word to our press and our legislators. Before they hunker down to write legislation, they really need to know this:

The social security age is not 65 any more.