Which of the following statements about the full retirement age under the Social Security program is true?

Question

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The full retirement age for Social Security benefits varies depending on the year of birth, but currently ranges from age 66 to 67. Early retirement with reduced benefits is allowed as early as age 62, but delaying retirement beyond the age for full benefits (up to age 70) increases the amount of the monthly benefit. Option B is incorrect as the retirement age is not being gradually increased to age 80. Option C is also incorrect as early retirement with reduced benefits is allowed as early as age 62, not age 55.

Which of the Following Statements About the Full Retirement Age