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Show day, August 27 to assist claimant and answer questions ques-tions concerning Social Security Secur-ity and Medicare at 9 a.m. -12 noon and 1 p.m. -3:30 p.m. Many choose to take benefits before 65 A recent study by the Social Soc-ial Security Administration showed that a surprisingly large number of men are choosing to take benefits before be-fore age 65. In 1968, almost half of all retirement benefit awards to men were reduced because the beneficiaries elected to retire before age 65. In 1961, when the option of taking reduced re-duced beenfits at age 62 was extended to men, it was assumed as-sumed that the number taking tak-ing early retirement would decline once the backlog of men in i the 62-64 age group who had not been working became be-came entitled to benefits. The anticipated decline has not occured, and early retirement has remained popular either because many men have sufficient suf-ficient resources to make early ear-ly retirement attractive, or they have difficulty finding full employment in the years just proceeding their decision to retire early. In comparing early retirees with men who wait until age 65 to claim benefits, men earning less than $2,400 in their last year of work was almost three times as high among retirees at age 62 as among men taking cash benefits ben-efits at age 65. The percentage percent-age of 62-year-old men not working in the year before entitlement was more than twice as large as among aged 65. The Social Security Representative Repre-sentative will be in Cedar City, 90 W. Center St., on Mon-day, Mon-day, -August 25-and -Wedn.es- |