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March 2001

The Normal Retirement Age is Increasing
     The normal retirement age has already begun to increase for Americans who were born in 1938 or later. That means you'll have to wait longer to get your full retirement benefit amount from Social Security. Starting in 2000, the normal retirement age of 65 began its increase of 2 months per year for 6 years until it reaches 66. It will begin increasing again at the same rate in 2017 until it reaches 67. It is important to note that no matter what your full retirement age is, you may start receiving benefits as early as age 62. That is, the early retirement age of 62 will not change.
     The chart below shows you how old you need to be to retire and receive your full retirement benefits.

Year of Birth

Full Retirement Age

Year of Birth

Full Retirement Age

1937 or earlier
66 & 2 months
65 & 2 months
66 & 4 months
65 & 4 months
66 & 6 months
65 & 6 months
66 & 8 months
65 & 8 months
66 & 10 months
65 & 10 months

Source: Social Security Administration Web Site, 2001 (

News Notes

F. Thomas Juster named MRRC Acting Director

     In his long and distinguished career, Dr. Tom Juster has served in multiple roles and continues to do so as he assumes the position of Acting Director of the MRRC. In addition to his faculty appointments at the University of Michigan, Dr. Juster is Chair of the National Academy of Sciences Panel on New Data for an Aging World. He is a member of the Census Advisory Committee of Professional Associations, the Advisory Board for the Report on Economic Life, the Conference on Research in Income and Wealth, and the Advisory Committee for the National Social Science Survey for the Australian National University. Among numerous other prominent positions, Dr. Juster served as a Senior Advisor to the Brooking Panel on Economic Activity from 1970 to 1990 and as the Director for the Institute for Social Research from 1976 to 1986. Dr. Juster was the founding Principal Investigator of the Health and Retirement Study (HRS).


     Congratulations to MRRC researcher Linda Waite on the recent publication of her book entitled, “The Case for Marriage: Why Married People are Happier, Healthier, and Better off Financially.” Written in collaboration with Maggie Gallagher, the book is a scholarly review of the evidence that marriage offers multiple protective benefits.

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