A measure of the availability of a benefit. The National Compensation Survey (NCS) presents data on the percent of workers with access to, and who participate in, employee benefits.
How to Collect Social Security. The U.S. Social Security Administration (SSA) allows eligible individuals to collect Social Security retirement benefits at any point between 62 and 70 years of age. There are pros and cons to early or late collection, but the process remains the same.
So the first step is to go to the Social Security Administration's Web site and find out when youâre entitled to full benefits. For those born between 1943 and 1954, for example, you can start collecting benefits at age 62, but youâll only get 75 percent of what youâd get if you wait until youâre 66. If you wait until 67, you get 108 percent of your monthly benefit. And at age 70, youâll collect 132 percent â the maximum you can get by delaying benefits. But your total lifetime payout depends on how long you live.