Duggan, Mark G.; Dushi, Irena; Jeong, Sookyo; Li, Gina - National Bureau of Economic Research - 2021
The delayed retirement credit (DRC) increases monthly OASI (Old Age and Survivors Insurance) benefits for primary beneficiaries who claim after their full retirement age (FRA). For many years, the DRC was set at 3.0 percent per year (0.25 percent monthly). The 1983 amendments to Social Security...
