This paper investigates whether exchanging the Social Security delayed retirement credit, currently paid as an increase … voluntarily claim about half a year later if the lump sum were paid for claiming any time after the Early Retirement Age, and … about two-thirds of a year later if the lump sum were paid only for those claiming after their Full Retirement Age. Overall …

annuities would start was substantially younger. Originally, public pension programs in a number of countries were structured as … argues that reintroduction of a longevity insurance benefit as part of public pensions could be an important policy in … retirees, particularly in countries with modest public pension benefits, but the private sector has problems in providing them …

Many Americans claim Social Security benefits early, though this leaves them with lower benefits throughout retirement … strategic survey about the lump sum. In other words, such a reform could provide an avenue for encouraging delayed retirement …