The Social Security Administration defines early retirement age as age 62. If you begin taking Social Security benefits at age 62, you will receive a reduced benefit.Is there a limit on income after full retirement age?
Once you have turned your full retirement age, there is no limit on how much you can earn while collecting Social Security payments. Your full retirement age is based on the year you were born.What age can you fully retire?
You can retire at any time between age 62 and full retirement age. However, if you start benefits early, your benefits are reduced a fraction of a percent for each month before your full retirement age.Can I get workers' compensation after retirement age?
The quick answer is yes, your employees can receive both. However, your workers are only eligible for social security retirement benefits when they've reached the age of 61 years and eight months. 1 There is no age limit for workers' compensation. Depending on the case, Social Security retirement benefits may reduce workers' compensation payments.