Bill Renaming Social Security Retirement Ages Heads to President

Congress has passed the "Claiming Age Clarity Act," which renames Social Security retirement ages to "Minimum Monthly Benefit Age" (62), "Standard Monthly Benefit Age" (67), and "Maximum Monthly Benefit Age" (70). The legislation, now awaiting presidential signature, aims to clarify benefit tradeoffs and potentially encourage delayed claiming. This change seeks to improve public understanding of Social Security benefits.