The Economic Times

Social Security claiming age names could change: Will your benefits change? What new labels for ages 62, 67 and 70 really mean

Congress has cleared a bill that would give Social Securitys key claiming ages new names. The proposal would call 62 the minimum monthly benefit age, 67 the standard monthly benefit age, and 70 the maximum monthly benefit age. The ages themselves would not change. The goal is to make the benefit trade-offs easier to understand before workers decide when to claim.