Veytics Intelligence
2026-10-01 · CNBC

Social Security claiming ages may soon get new names. What retirees need to know

One of the biggest decisions retirees make — when to claim Social Security benefits — would be described differently under a bill that may soon become law. The Claiming Age Clarity Act , a bipartisan bill that changes certain terms to describe the ages when a worker may claim Social Security retirement benefits, passed the Senate on Tuesday. The bill is now on its way to President Donald Trump for his signature. The White House did not respond to CNBC.com's request for comment on whether and when he might sign. Claiming Social Security benefits at age 62 — when qualifying retirees first become eligible — may permanently reduce benefits by up to 30% compared to claiming at full retirement age.

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