Do Social Security Statements Include Delayed Retirement Credits (DRCs)?
Feb 22, 2023Do Social Security statements include DRC’s?
Yes, Social Security benefit statements do include Delayed Retirement Credits (DRCs). DRCs are earned when you delay taking your Social Security benefits beyond your Full Retirement Age (FRA). For every month you delay taking benefits past FRA, your benefit amount increases, up to age 70.
When you receive your Social Security statement, it reflects these DRCs in the estimated benefit amount if you have delayed filing for benefits. This is in addition to any assumed wage increases that might be factored into the statement, providing an accurate estimate of what your benefits would be when you choose to start receiving them.
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