# Social Security Adjustments for early/late Retirement **URL:** \ **Category:** Pension/Retirement\ **Created:** [January 28, 2021, 2:57am UTC](https://community.goactuary.com/t/social-security-adjustments-for-early-late-retirement/1901 "2021-01-28T02:57:19Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![Ranger](https://community.goactuary.com/user_avatar/community.goactuary.com/ranger/32/185_2.png) [@Ranger](https://community.goactuary.com/u/Ranger)\ **Post date:** [January 28, 2021, 2:57am UTC](https://community.goactuary.com/t/social-security-adjustments-for-early-late-retirement/1901/1 "2021-01-28T02:57:19Z")
No actuaries seem to have been involved (somebody call the SOA and the MAAA) in this study which analyzes the “actuarial equivalence” of the adjustments made to early/late Social Security benefits. Their conclusion - because of the current low interest rate environment and longer life expectancy (especially for higher wage earners) the early benefit claimers should receive a smaller discount and the late benefit claimers should receive a smaller increase. > **[wp\_2021-3\_.pdf](https://crr.bc.edu/wp-content/uploads/2021/01/wp_2021-3_.pdf)** > > 444.41 KB ---
**Author:** ![meep](https://community.goactuary.com/user_avatar/community.goactuary.com/meep/32/44_2.png) [@meep](https://community.goactuary.com/u/meep)\ **Post date:** [January 28, 2021, 9:51am UTC](https://community.goactuary.com/t/social-security-adjustments-for-early-late-retirement/1901/2 "2021-01-28T09:51:13Z")
Andrew Biggs & Alicia Munnell are definitely not actuaries, but they’re not newbies to the retirement scene. Alicia Munnell: > **[Alicia H. Munnell | Public Plans Data](https://publicplansdata.org/about/bios/munnell/)** Andrews Biggs: [https://www.aei.org/profile/andrew-g-biggs/](https://www.aei.org/profile/andrew-g-biggs/) I’m not familiar with Anqi Chen.