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Insurance & Risk Management
15. Chapter 18: Social Insurance/Types of Benefits
15. Chapter 18: Social Insurance Illustration
Syllabus Slides

Types of Benefits

01.Core Concepts

Social security retirement benefits are an important source of income for most retired workers For persons born in 1937 or earlier, full retirement age for unreduced benefits is age 65 For persons born in 1960 or later, the full retirement age is 67 Workers and their spouses can retire at age 62 with actuarially reduced benefits