A. Yes, it's true - since 2005, for every prospective retiree, age 62 is the time one becomes eligible for early retirement benefits, and age 66 is the full retirement benefits age. However, the 11-year hiatus of full retirement age adjustments has now come to an end, see table below. In short, in 2017, if one were born in 1955, the full retirement age is no longer age 66. Instead, it is becoming age 66 and 2 months, and it will keep increasing for the next 4 years!