Health Care Reform: Safe Harbor for Determining Full-Time Employee Status. New guidance has been issued on two requirements under the Patient Protection and Affordable Care Act (the Act) that will become effective in 2014.
Early retirement benefits will continue to be available at age 62, but they will be reduced more. When the full-benefit age reaches 67, benefits taken at age 62 will be reduced to 70 percent of the full benefit and benefits first taken at age 65 will be reduced to 86.7 percent of the full benefit.
Private Pensions. Private pension plans have their own rules for when you can receive full retirement benefits. Most private pension plans still consider 65 to be the retirement age. Some plans may offer the option to retire as early as age 55, but with a reduced benefit amount.ou can collect a Social Security retirement benefit starting at age 62, but it will be 30 percent lower than if you waited until age 66.