Cassidy Legislation to Help Americans Better Plan for Retirement Advances Senate

WASHINGTON - U.S. Senator Bill Cassidy, M.D. (R-LA) led efforts to pass the Claiming Age Clarity Act, a bill to help Americans better plan for retirement by ensuring they have clear information when deciding to claim Social Security benefits. The bill requires the Social Security Administration to replace current confusing terms used to describe claiming ages with clearer, more straightforward language.

"Americans looking to retire are counting on the benefits they have earned. They ought to have the best financial information possible when the time comes," said Dr. Cassidy.

The Claiming Age Clarity Act has been endorsed by a variety of organizations representing elderly Americans, retirees, and individuals planning for retirement, such as the American Association of Mature Citizens Action (AMAC Action), Bipartisan Policy Center Action, and American Association of Retired Persons (AARP).

"For too long, the terminology used by the Social Security Administration has misled millions of Americans into making suboptimal choices about when to claim their hard-earned benefits. This commonsense legislation is vital to ensuring older Americans make informed decisions that directly impact their financial security in retirement," said AMAC Action's Andrew J. Mangione.

"Hard-working Americans deserve simple, straightforward information when planning for retirement, especially when it comes to claiming Social Security…We know the age at which one first claims Social Security benefits drastically impacts the total income they receive over time, and this bill will ensure that retirees are better informed in their long-term planning and decisions," said Bipartisan Policy Center Action President Michele Stockwell.

"AARP has long supported efforts to improve the terminology used by the Social Security Administration to describe claiming ages, replacing confusing terms like 'early' or 'normal' with plain-language alternatives such as 'minimum,' 'standard,' and 'maximum' monthly benefit age. These changes will help people better understand the lasting impact of their claiming choices and make more informed decisions to protect their financial security in retirement," said AARP Senior Vice President of Government Affairs Bill Sweeney.

Background

Cassidy joined a bipartisan group of colleagues to introduce the legislation in 2023. The group sent a letter to the Social Security Administration urging them to develop an action plan to help individuals make more informed claiming decisions. Cassidy has championed efforts to rescue Social Security from insolvency and repeatedly called on Congress to act to save the program.

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