Retirement Planning Tips for New York State Employees
Tip of the Month (taken directly from the Self-Help Guide)
Can I start collecting Social Security before I reach my full retirement age?
You may start receiving Social Security benefits as early as age 62. Your benefit is reduced if you start early by about one-half of one percent for each month you start receiving benefits before your full retirement age. For example, if your full retirement age is 66 and two months, and you sign up for Social Security when you’re 62, you would only get 74.2 percent of your full benefit. You can speak to a Social Security representative from 7:00 a.m. to 7:00 p.m. on business days, or in person by appointment. Call (800) 772-1213 (voice) or (800) 325-0778 (TTY), or check www.socialsecurity.gov for the location of the office nearest you.