H.R. 5284: Claiming Age Clarity Act

This bill, known as the Claiming Age Clarity Act, aims to change certain terminology used by the Social Security Administration (SSA) regarding retirement benefits and eligibility. The bill mandates that by January 1, 2027, the following changes be made in all SSA materials, whether they are printed or online:

Terminology Changes

• The term early eligibility age will be replaced with minimum monthly benefit age.
• The terms full retirement age and normal retirement age will be replaced with standard monthly benefit age.
• The term delayed retirement credit will no longer be used. Instead, references to age 70, which is currently the maximum age for receiving these credits, will be changed to maximum monthly benefit age.

The purpose of this bill is to clarify the terminology related to Social Security benefits, potentially making it easier for individuals to understand their options and benefits related to retirement.

Implementation

The change in terminology is to be implemented across all guidance, rules, regulations, and materials provided by the Social Security Administration. This is intended to create a more straightforward approach to describing retirement ages and benefits, ensuring that language used is clear and understandable for beneficiaries and the general public.

Overall Impact

While the primary focus of the bill is to update the language used by the SSA, it does not change the underlying rules or benefits associated with Social Security. The bill aims simply to enhance clarity and comprehension of the existing retirement benefit framework.

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