what age is considerd as a retirement age
For example, when the full retirement age was 65, workers retiring at age 62 received an initial benefit that was 20% less than their full benefit amount. When the full retirement age reaches 67, workers retiring at age 62 will receive a 30% cut in benefits.or example, when the full retirement age was 65, workers retiring at age 62 received an initial benefit that was 20% less than their full benefit amount. When the full retirement age reaches 67, workers retiring at age 62 will receive a 30% cut in benefits.