Social Security
Delayed Retirement Credits
Definition
Delayed Retirement Credits are increases added to your Social Security benefit for each month you delay claiming past your Full Retirement Age, up to age 70.
More Detail
For each year you delay claiming past FRA, your benefit increases by 8%. That means if your FRA is 67 and you wait until age 70, your benefit is 24% higher than it would have been at FRA. The increase stops at age 70 — there is no benefit to waiting beyond that. Delayed retirement credits apply to your own retirement benefit, not to spousal or survivor benefits.
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