RESEARCH ASSIGNMENT A number of key family, political, legal people were involved in the Mabo Case. These include: Eddie Koiki Mabo himself, Bonita Mabo, Ron Castan, Bryan Keon-Cohen, Justice Moynihan and Margaret White. Present a PowerPoint case study on one of these people.
What is the Social Security Retirement Age? 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. Currently, the full benefit age is 66 for people born in 1943-1954, and it will gradually rise to 67 for those born in 1960 or later.
Note that these figures change to account for wage inflation each year. So, for example, for somebody turning age 62 in 2017, each of these dollar amounts will probably be slightly higher. Or, to put it in terms of annual income, if claimed at full retirement age, Social Security would replace: 1  90% of the first $10,272 of average annual wage-inflation-adjusted earnings, plus.  32% of average annual wage-inflation-adjusted earnings from $10,272 to $61,884, plus.