The retirement age in California, which is also known as the Full Retirement Age, is the age at which you are eligible for full retirement benefits from the Social Security Administration. This means that once you reach this age, you are eligible to receive 100% of your FRA.
If you’re wondering What is the Complete Retirement Age in California, then it’s important to know what it is and what it means. To learn more, read on!
What is the Full Retirement Age in California?
The maximum retirement age is the point at which you can start receiving full Social Security benefits. This is based on when you were born. Those born in 1955 have an FRA of 66 years and 2 months, while those born in 1960 or later have an FRA of 67 years.
What does it mean to reach the FRA?
When you reach the retirement age, you are eligible to receive 100% of your FRA. With the retirement age in California being 67 years old, this means that anyone who reaches age 67 will be eligible to receive 100% of their FRA.
As mentioned, once you reach the FRA, you’ll be able to claim 100% of your earnings from Social Security at that point on. If you retire before your RFA you aren’t able to get your 100% social security benefits.
If you choose to claim your Social Security benefits before your full retirement age, your benefits will be permanently reduced. For example- if you retire at age 62, your benefits will be reduced to 70% of your Social Security benefits. which you had to receive at your retirement age. And if you retire at the age of 65.2, you will get a benefit of 86.7% of your full retirement age.
What Is the Social Security Administration (SSA)?
The Social Security Administration (SSA) is a federal agency that manages social programs (disability, retirement, survivors’ benefits, and other services) and provides benefits to individuals in the U.S. The SSA also issues social security numbers, keeps track of their finances, and manages the trust fund for this program.
What Is My Full Retirement Age (RFA) for Social Security?
Many people rely on Social Security benefits to support themselves after retirement. When you reach age 66 or 67, you can plan for a supplemental income source by receiving your full retirement benefits, depending on which year you were born. The SSA uses a person’s age and date of birth to decide their FRA which is the “RFA”. It shows how old that person must be to receive 100% of their Social Security benefits by taking it at this point. If one takes it before the prescribed retirement, he/she does not get full retirement benefits.
Your maximum retirement age is determined by the year in which you were born. The chart below shows the number of years and your birth age to be eligible to receive full benefits.
| BORN -YEAR | FRA- Retirement Age |
| 1943–1954 | 66 |
| 1955 | 66 years, 2 months |
| 1956 | 66 years, 4 months |
| 1957 | 66 years, 6 months |
| 1958 | 66 years, 8 months |
| 1959 | 66 years, 10 months |
| 1960 and later | 67 years |
Can I Work After Complete Retirement Age?
Yes, you may be still able to work after your full retirement. If you are not retiring before your FRA, it does not affect your Social Security Benefits.
Conclusion
Finally, it’s important to know at what age you can receive complete retirement benefits. FRAs are a great way to ensure that you do not exhaust your savings and that you can take advantage of all the benefits that Social Security offers.
