Social Security Q & A- How Much Will Delayed Retirement

How Much Will Delayed Retirement Benefits Increase My Benefit?

Year of Birth	Yearly Rate of Increase	Monthly Rate of Increase
1930	4.5%	3/8 of 1%
1931-1932	5.0%	5/12 of 1%
1933-1934	5.5%	11/24 of 1%
1935-1936	6.0%	1/2 of 1%
1937-1938	6.5%	13/24 of 1%
1939-1940	7.0%	7/12 of 1%
1941-1942	7.5%	5/8 of 1%
1943 or later	8.0%	2/3 of 1%

For a calculator to help you compute the amount of your delayed retirement credits, see http://www.ssa.gov/OACT/quickcalc/early_late.html

More information may be found in the Social Security Administration’s publication called "Retirement Benefits", publication number 05-10035, which is available on the Internet at: http://www.socialsecurity.gov/pubs/10035.html

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