Mandatory Retirement Age Discrimination
Those approaching retirement must decide when they want to start taking their social security benefit payments. While retirees can begin taking social security benefits at age 62, it may be far more prudent financially to wait a few more years all the way up to age 70. As a general rule, the longer one delays retirement, the more money will available when the person retires, thus ensuring a more comfortable retirement.
Social Security: What Is Full Retirement Age?
Retirement age varies by country. For example, Canadian provinces recently dropped mandatory retirement at age 65, allowing employees to continue working until age 70. In the United States, workers can retire between age 62 and 70. However, in order to receive full retirement benefits, the person must be aware of his or her full retirement age according to the U.S. Social Security Administration. Retiring before the full retirement age will result in a dramatic decrease in social security benefits.
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