Normal Retirement Age

What Does Normal Retirement Age Mean?

The normal retirement age is the age at which a person can retire from their job and receive full benefits from Social Security.

This age varies depending on the year of birth. For individuals born after 1960, the normal retirement age is 67.

Insuranceopedia Explains Normal Retirement Age

People who retire before reaching the normal retirement age are not eligible to receive full Social Security benefits. For instance, someone who retires at age 62 would generally receive fewer benefits than someone who retires at age 67.

In some professions, the normal retirement age is determined by years of service rather than age. For example, it is common for police officers to reach normal retirement after serving a specific number of years on the force.