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 …