‘‘(B) in the case of a widow’s or widower’s in-
surance benefit, 2 years less than the age provided 
under subparagraph (A). 
‘‘(3)(A) The first retirement age increase factor for 
any individual who attains the applicable reference age in 
a calendar year within the 5-year period consisting of the 
calendar years 2000 through 2004 or the calendar years 
2017 through 2021 shall be equal to 2⁄12 of the number 
of months in the period beginning with January of the 
first calendar year in such period and ending with Decem-
ber of the year in which the individual attains the applica-
ble reference age. 
‘‘(B) The second retirement age increase factor for 
any individual who attains the applicable reference age in 
the 46-year period consisting of the calendar years 2023 
through 2068 shall be equal to 3⁄47 of the number of 
months in the period beginning with January 2023 and 
ending with December of the year in which the individual 
attains the applicable reference age. In any case in which 
the second age increase factor for any calendar year is 
not a whole number of calendar months, such factor shall 
be deemed to be equal to the next lower whole number 
of calendar months. 
‘‘(4) The term ‘applicable reference age’ means 62 
years of age (in the case of an old-age, wife’s, or husband’s 
VerDate Sep 11 2014 
23:17 Mar 17, 2015
Jkt 049200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H1366.IH
H1366
mstockstill on DSK4VPTVN1PROD with BILLS
insurance benefit) and 60 years of age (in the case of a 
widow’s or widower’s insurance benefit).’’. 
(b) CONFORMING EXTENSION OF MAXIMUM AGE FOR 
ENTITLEMENT
TO DELAYED RETIREMENT CREDIT.— 
Section 
202(w)(2)(A) 
of 
such 
Act 
(42 
U.S.C. 
402(w)(2)(A)) is amended— 
(1) by striking ‘‘prior to the month in which 
such individual attained age 70, and’’ and inserting 
‘‘prior to the later of—’’; and 
(2) by adding at the end the following: 
‘‘(i) the month in which such individual 
would attain age 70, or 
‘‘(ii) the month which ends 3 years after 
the end of the month in which such individual 
attained retirement age (as defined in section 
216(l)), and’’. 
(c) 
CONFORMING
INCREASE
IN
NUMBER
OF 
ELAPSED YEARS FOR PURPOSES OF DETERMINING PRI-
MARY INSURANCE AMOUNT.—Section 215(b)(2)(B)(iii) of 
such Act (42 U.S.C. 415(b)(2)(B)(iii)) is amended by 
striking ‘‘age 62’’ and inserting ‘‘early retirement age’’. 
(d) STUDY RELATING TO ADDITIONAL CONFORMING 
AMENDMENTS.— 
(1) IN GENERAL.—As soon as practicable after 
the date of the enactment of this Act, the Commis-
VerDate Sep 11 2014 
23:17 Mar 17, 2015
Jkt 049200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H1366.IH
H1366
mstockstill on DSK4VPTVN1PROD with BILLS
sioner of Social Security, in consultation with the 
Secretary of the Treasury and the Secretary of 
Health and Human Services, shall conduct a study 
of the additional technical and conforming amend-
ments to title II of the Social Security Act and other 
relevant provisions of law relating to the age of a 
beneficiary or applicant for benefits which are nec-
essary to effectively carry out the programs provided 
for under such title and other provisions, taking into 
account the amendments made by this section. 
(2) REPORT.—Not later than 1 year after the 
date of the enactment of this Act, the Commissioner 
shall transmit to the Committee on Ways and Means 
of the House of Representatives and the Committee 
on Finance of the Senate a report of the results of 
the study conducted pursuant to paragraph (1). The 
Commissioner shall include in such report such rec-
ommendations for legislative and administrative 
changes as the Commissioner, in consultation with 
the Secretary of the Treasury and the Secretary of 
Health and Human Services, determines to be ap-
propriate. 
Æ 
VerDate Sep 11 2014 
23:17 Mar 17, 2015
Jkt 049200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6301
E:\BILLS\H1366.IH
H1366
mstockstill on DSK4VPTVN1PROD with BILLS