Social Security Update: Full Retirement Age Increase Considered for Millions of Americans
As of September 2025, discussions regarding the potential increase of the Social Security full retirement age (FRA) have been circulating, raising concerns among future retirees. However, recent statements from the Social Security Administration (SSA) have clarified the current stance on this matter.
Understanding Full Retirement Age (FRA)
The FRA is the age at which individuals are eligible to receive 100% of their Social Security retirement benefits. This age varies depending on the year of birth:
- Born 1943–1954: 66 years
- Born 1955–1959: Gradually increasing from 66 to 67
- Born 1960 or later: 67 years
Individuals can begin claiming benefits as early as age 62, but doing so results in a permanent reduction in monthly payments. Conversely, delaying benefits until after the FRA can increase monthly payments up to age 70.
Recent Discussions on Raising the FRA
In late 2024, the Congressional Budget Office (CBO) released a report outlining various policy options, including raising the FRA beyond 67. The proposal suggested increasing the FRA by two months per birth year for individuals born between 1964 and 1981, potentially reaching an FRA of 70 for those born in 1981 or later. This change would have aimed to reduce Social Security outlays by encouraging longer work careers and later claiming of benefits.
However, it’s important to note that the CBO’s report presented this as a potential option, not a proposed policy. The inclusion of this option does not indicate any current legislative intent to raise the FRA.
SSA’s Official Stance
Following the release of the CBO’s report, the SSA addressed the speculation regarding changes to the FRA. Commissioner Frank Bisignano clarified that raising the retirement age is not being considered by the current administration. This statement was made to reassure the public that there are no active discussions or plans to alter the FRA at this time.
The SSA emphasized its commitment to protecting Social Security benefits without cuts and highlighted ongoing efforts to reduce waste and fraud within the system.
Upcoming Changes to FRA
While there are no current plans to raise the FRA, it’s worth noting the scheduled adjustments:
- November 2025: Individuals born in 1959 will reach an FRA of 66 years and 10 months.
- 2026: Individuals born in 1960 will reach an FRA of 67 years.
These adjustments are part of the gradual increase in the FRA that began with the 1983 amendments to the Social Security Act, aiming to reflect longer life expectancies and reduce financial strain on the program.
Public Reaction and Considerations
The discussion around raising the FRA has elicited various reactions from the public and policymakers. Proponents argue that increasing the FRA could help address the long-term solvency of the Social Security program by encouraging longer work careers and reducing early benefit claims.
However, opponents express concern that such a change could disproportionately affect individuals in physically demanding jobs or those with health issues, potentially leading to reduced benefits and increased financial hardship. Additionally, there is apprehension about the impact on older workers who may face challenges in remaining employed until a higher FRA.
Conclusion
As of now, there are no plans to increase the Social Security full retirement age beyond 67. While discussions and proposals have been made in the past, the current administration has made it clear that raising the FRA is not under consideration. Individuals planning for retirement can proceed with the understanding that the FRA remains at 67 for those born in 1960 or later, with no immediate changes anticipated.
It’s essential for future retirees to stay informed about any potential policy changes and to plan accordingly for their retirement years. Regularly reviewing official SSA communications and consulting with financial advisors can help ensure a secure and well-prepared retirement.
FAQs
Q1: What is the current full retirement age (FRA) for Social Security?
A1: FRA is 66 for those born 1943–1954, gradually rising to 67 for those born 1960 or later, when individuals can receive full Social Security retirement benefits.
Q2: Can people claim Social Security benefits before the full retirement age?
A2: Yes, benefits can start at age 62, but monthly payments are permanently reduced compared to waiting until FRA or later, which increases monthly benefits.
Q3: Has the SSA announced any plans to raise the full retirement age?
A3: No, SSA Commissioner Frank Bisignano confirmed there are currently no plans or active discussions to increase the FRA beyond 67.