Indirect procurement is the sourcing of all goods and services for a business to enable its activity. Or looking at it another way, the goods and services classified under the umbrella of indirect procurement are commonly bought for consumption by internal stakeholders (business units or functions) rather than the external customer or client.
Social Security's full-benefit retirement age is increasing gradually because of legislation passed by Congress in 1983. Traditionally, the full benefit age was  65, and early retirement benefits were first available at age 62, with a permanent reduction to 80 percent of the full benefit amount.
In 2014, full retirement age is 66 or older. If someoneâs full retirement age is 66 and they choose to begin Social Security retirement benefits at age 62, they will receive approximately a 25 percent reduction in the benefit amount they would have received at age 66, and this reduction continues for their life.or each year after 1954, the full retirement age is increased by 2 months until age 67 is reached for all born in 1960 and later. For example, for someone born in 1955, their full retirement age is 66 years and 2 months. Born in 1956, their full retirement age is 66 years and 4 months.