Source: Stephen H. Gorin, Health Social Work, Vol 37 no. 2, May 2012
From the extract:
In recent years, politicians and analysts from both political parties, pointing to projected increases in life expectancy, have advocated raising social security’s normal, or full retirement (FRA), retirement age. The FRA refers to the age of eligibility for full benefits. Under the original Social Security Act, the FRA was set at age 65, “based simply on what seemed appropriate and affordable at the time” (Kingson & Altman, 2011, p. 2). In 1983, in the face of concern about the long-term solvency of the program, Congress and then-President Ronald Reagan amended the act to gradually increase the FRA to 67 for individuals born after 1937. This amendment will be fully implemented in 2022. ..