Social Security's "full" retirement age is the age at which you qualify for full, un-reduced benefits. It's based on your date of birth, so it varies for everyone. In 1983, Congress enacted changes that very gradually raised the full retirement age to age 67 by the year 202The full retirement age for people born between 1943 and 1954 is 6For those born in 1955 it is 66 and 2 months and it goes up 2 months per year for those born between 1956 and 195For people born in 1960 and thereafter, the full retirement age is 67. .If signed into law, H.R. 711 would repeal the Windfall Elimination Provision (WEP) – a provision of the Social Security Act that unfairly reduces the earned benefits of millions of public employees by as much as one-half each year. H.R. 711 would establish a new formula for the non-covered earnings of teachers, police officers, and other public servants, and it would modify the WEP for current retirees who are affected by it. .Social Security is the largest single source of income for older Americans, providing the majority of income for half of retirees, and at least 90% of income for 18% of retirees, according to another think tank, the Center on Budget and Policy Priorities. .The benefit reduction would be caused by a feature of the Social Security benefit formula that is sensitive to economic recessions and high unemployment. The first step in calculating benefits is to adjust the individual's earnings using the average wage index (AWI) in order to convert the value of past earnings into today's dollars. The AWI is also used to adjust the earnings levels that determine the portion of their average monthly earnings that people are allowed to keep as their benefit. .The number of older taxpayers who find that a portion of their Social Security benefits are taxable tends to grow over time. Unlike income brackets that are adjusted for inflation, the income thresholds that subject Social Security benefits to taxation have never been adjusted since Social Security benefits became taxable in 198When the law was first passed, less than 10 percent of all Social Security recipients were estimated to have incomes high enough to be affected by the tax on benefits. But today, even retirees with modest incomes can be affected by the tax. .We are no longer physically able to work, so we're concerned that current Social Security and Medicare benefits and future COLAs will be cut via D.C. shenanigans and slight-of-hand legislation, thus making our financial situation worse. .Benefit Bulletin: February 2014 Before Obamacare & 8220;Glitch,& 8221; There Was The Notch Glitch .Currently doctors are paid for every service they provide, giving a big incentive for wasteful duplication. Patients wind up getting repeated tests, X-rays, CT scans and procedures involving expensive computerized equipment. .This week, lawmakers in the House postponed a scheduled vote on the American Health Care Act (AHCA) and leaders made last-minute changes to the text of the bill. In addition, The Senior Citizens League (TSCL) delivered letters to Congress urging leaders to address the looming debt ceiling crisis.