Senior Policy Analyst
November 4, 2015: We have updated this post to reflect new information from the Social Security Administration.
Some couples currently get a windfall by claiming one type of Social Security benefit at full retirement age and then later claiming another, higher benefit that includes a bonus for “delayed claiming” — even though they didn’t actually delay. Best-selling books and the media have promoted these strategies.
The budget deal rightly ends such gaming, and future beneficiaries won’t be able to engage in it once this provision takes effect; current beneficiaries won’t be affected. Organizations including AARP, Social Security Works, and the National Committee to Preserve Social Security and Medicare support this move.
Here’s what you should know about this provision: