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.
Prior to 2009, the plurality of nonretired Americans planned to retire before age 65. Since then, the plurality have said they will retire after they reach age 65. These trends in Americans' expected age of retirement are from Gallup's annual Economy and Personal Finance survey, conducted April 9-12, 2015. As part of that survey, Gallup asked nonretired Americans the age at which they expect to retire, and also asked retired Americans to report the age at which they retired.