WASHINGTON (AP) -- Work till you're 69 before getting full Social Security benefits?
That's one possibility -- for Americans who retire two decades or more into the future -- as Republicans on a key Senate committee review suggestions for improving the program's solvency.
No decisions have been made yet, and it could be fall before the politically volatile Social Security issue reaches the floor of either the House or Senate, if then.
At the same time, an increase in the retirement age is one of the suggestions that Sen. Charles Grassley, chairman of the Senate Finance Committee, outlined last week for fellow Republicans on the panel, according to several officials. Officials said Grassley's suggestion for raising the retirement age would be phased in, possibly over two decades or more, depending on future demographic trends.
The Iowa Republican has also suggested steps to hold down benefits for future upper-income retirees. The officials who described his presentation did so on condition of anonymity, saying the discussions were confidential.
Under current law, the age for retiring with full Social Security benefits is 65 years and six months. It is rising gradually until it reaches 67 for individuals born in 1960 or later.