New Social Security bill would lower retirement age to 60 for some workers

Rep. Haley Stevens introduced a bill that would let some workers in physically demanding jobs claim full Social Security retirement benefits at age 60.

New Social Security bill would lower retirement age to 60 for some workers

TL;DR

  • Rep. Haley Stevens introduced the Blue Collar Social Security Fairness Act.
  • The bill would lower the full Social Security retirement age to 60 for workers in physically demanding jobs.
  • Currently, the earliest retirement age is 62 with reduced benefits, and full retirement age is 67 for those born in 1960 or later.
  • The Social Security Administration would define and update a list of qualifying physically demanding occupations every three years.
  • A weighted points system would credit workers for years spent in qualifying jobs, with different point values based on age brackets.
  • To qualify for early retirement at 60, workers would need 15 points or 20 years of physically demanding work.
  • The proposal aims to address the challenges faced by blue-collar workers in physically demanding jobs who may struggle to reach current retirement age milestones.