I retired prior to 2001 and chose the Social Security Advancement Payment Option 4. What will happen to my retirement annuity when I turn age 62?
This option provided an advance in the approximate amount of social security until age 62. In the month following your 62nd birthday, your retirement check from the South Carolina Retirement Systems will be permanently reduced. Please contact our office to obtain the reduction amount. You will be responsible for contacting the Social Security Administration to apply for your Social Security benefits. Any questions concerning estimated Social Security benefits or when your benefits will begin should be directed to your local Social Security Administration office.
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