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.
â Lower spousal benefits. â When you die, your spouse will receive less too. â Loss of opportunity to plan with your spouse. When it comes to Social Security, it can be tempting to take the money and run as soon as you're eligibleâtypically at age 62. After all, you've likely been paying into the system for much of your working life, and you're ready to receive your benefits.