Story perspectives

Social Security Reforms: Retirement Age Rises, Benefits Adjusted

4/21/2025

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Summary

Story summary

In 2025, the U.S. will raise the Full Retirement Age to 66 years and 10 months for those born in 1959, and to 67 for those born in 1960 or later.
A 2.5% Cost-of-Living Adjustment (COLA) will be introduced, alongside the repeal of the Windfall Elimination Provision and Government Pension Offset.
Proposed Social Security reforms include raising the retirement age and reducing benefits due to trust fund depletion concerns.
The White House seeks to maintain benefits while minimizing improper payments during restructuring efforts.

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Story summary

In 2025, the U.S. will raise the Full Retirement Age to 66 years and 10 months for those born in 1959, and to 67 for those born in 1960 or later.
A 2.5% Cost-of-Living Adjustment (COLA) will be introduced, alongside the repeal of the Windfall Elimination Provision and Government Pension Offset.
Proposed Social Security reforms include raising the retirement age and reducing benefits due to trust fund depletion concerns.
The White House seeks to maintain benefits while minimizing improper payments during restructuring efforts.