QUESTION: Why does the Social Security Normal Retirement Age (SSNRA) calculation differ from the SSNRA calculated for Covered Compensation or 415 maximum benefits?

ANSWER: The law with regard to the calculation of SSNRA for the purposes of 415 maximum benefit adjustments and covered compensation ignores the fractional portion of the transitional periods that are recognized in the calculation of a Primary Insurance Amount. SSNRA is defined as follows for the 415 maximum benefit adjustment and covered compensation calculations:

Born

Before 01/01/1938: SSNRA = 65

After 12/31/1937 and before 01/01/1955: SSNRA = 66

After 12/31/1954: SSNRA = 67