Social Security Reporting Information and Full Retirement Age Table
for Homestead Exemption Applicants
Per Section 77-3504 of the homestead exemption laws, household income must include social security retirement and Tier I railroad (social security equivalent) retirement benefits.
SOCIAL SECURITY –– Conversion from disability benefits to retirement benefits occurs at FULL RETIREMENT AGE per the Social Security Administration.
Excerpt from SSA Publication No. 05-10035:
http://www.ssa.gov/pubs/10035.html
Full retirement age
The “full retirement age” is 65 for people who were born before 1938. But because of longer life expectancies, the Social Security law was changed to gradually increase the full retirement age until it reaches age 67. This change affects people born in 1938 and later. Check the following table to find your full retirement age.
Age to receive full Social Security benefits |
Year of birth |
Full retirement age |
1937 or earlier |
65 |
1938 |
65 and 2 months |
1939 |
65 and 4 months |
1940 |
65 and 6 months |
1941 |
65 and 8 months |
1942 |
65 and 10 months |
1943-1954 |
66 |
1955 |
66 and 2 months |
1956 |
66 and 4 months |
1957 |
66 and 6 months |
1958 |
66 and 8 months |
1959 |
66 and 10 months |
1960 and later |
67 |
NOTE: People who were born on January 1 of any year should refer to the previous year. |
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