Social Security if you were born in 1960, the first age-67 cohort
The rising schedule of full retirement ages ends with you: 67 from this year of birth on.
Checked by Radif Partners · Editorial policy · How we calculate
If you were born in 1960 (January 2, 1960 to January 1, 1961), your full retirement age is 67, the end point of the schedule in 20 CFR 404.409 and two months later than for 1959 births. You reach it in 2027 and are 66 in 2026. The extra two months make every early start a little smaller: claiming at 62 and 1 month keeps 70.42% of the PIA instead of 71.25% for the 1959 cohort, and waiting to 70 brings 124% rather than 125.33%. Your PIA was set in 2022, the year you turned 62, with bend points of $1,024 and $6,172 and earnings indexed to the 2020 average wage, 55,628.6. Four COLAs have been added since, starting with 8.7% for December 2022, so a career at $50,000 in today's pay now has a PIA of $1,959.80, against $1,658.20 in 2022. Survivor full age is 66 and 8 months.
Your formula year and the COLAs stacked on it
PIA in 2026, all COLAs included
$2,214.80
| Formula year (turned 62) | 2022 |
| Bend points of that year | $1,024 and $6,172 |
| PIA in the formula year | $1,873.90 |
| COLAs 2022 to 2025 | +18.2% |
COLAs count from the year you turn 62, even if you have not claimed yet.
Two months later than 1959, and the last step
The full retirement age table adds two months for each birth year from 1955 to 1959 and lands on 67 for 1960. Moving the full age back two months shifts the whole reduction scale: two more months counted at 5/12 of 1% for a start at 62, and two fewer months of delayed credit before 70 (20 CFR 404.410). The difference is small, but it is permanent.
| Start at | Born 1959 (full age 66 and 10 months) | Born 1960 (full age 67) | 1960, PIA $1,959.80 |
|---|---|---|---|
| 62 and 1 month | 71.25% | 70.42% | $1,380 |
| 63 | 75.83% | 75.00% | $1,469 |
| 64 | 81.11% | 80.00% | $1,567 |
| 65 | 87.78% | 86.67% | $1,698 |
| 66 | 94.44% | 93.33% | $1,829 |
| 66 and 10 months | 100.00% | 98.89% | $1,938 |
| 67 | 101.33% | 100.00% | $1,959 |
| 70 | 125.33% | 124.00% | $2,430 |
The 1960 column is the same for every later cohort, which is why it appears on the full retirement age and claiming at 62 pages.
A formula year that caught the 2022 inflation
Turning 62 in 2022 gave this cohort the 2022 bend points, $1,024 and $6,172, computed from the 2020 national average wage. Then came the largest adjustment since 1981, 8.7% for December 2022, followed by 3.2%, 2.5% and 2.8% (SSA COLA series). Altogether those four increases raised the example PIA by 18.2%.
The cohort born one year later turned 62 in 2023, missed the 8.7% COLA but got bend points about 8.9% higher, because wages jumped in 2021. For a steady career the two effects nearly cancel: our 1961 page shows the comparison.
The 2020 indexing year
Your earnings before 2020 were multiplied by the ratio of the 2020 average wage index to the index of each year. The 2020 figure, 55,628.60, was 2.8% above 2019. Pay from 2020 onward is used as earned; the wage index page lists every factor.
Working at 66 in 2026
Because full retirement age is 67, the whole of 2026 falls before it for this cohort. A person collecting while working faces the lower earnings limit, $24,480 for the year, with $1 withheld for every $2 above it. In 2027, the year you turn 67, the higher limit of the year applies to the months before your birthday month. A widow or widower born in 1960 has a survivor full age of 66 and 8 months, four months ahead of the retirement one.