USA: "Elastic" Earliest Eligibility Age for Social Security

NEW YORK (GAA), February 14, 2008: The Earliest Eligibility Age (EEA) for US Social Security remains at 62 while the Full Retirement Age (FRA) has been raised to 67 years. While raising the EEA to 64 years is being considered, researchers claim it's unfair to those unable to work or find employment and to disadvantaged groups with lower life expectancies. The report addresses these concerns by introducing an "elastic" EEA, basing a worker's earliest retirement age on average lifetime earnings. See paper of CENTER FOR RETIREMENT RESEARCH at Boston College Source: Global Action on Ageing, New York