The Senate on Tuesday passed the bipartisan Claiming Age Clarity Act, H.R. 5284, sending it to President Donald Trump for signature after the measure previously cleared the House. The legislation would direct the Social Security Administration to replace existing retirement-age terminology with clearer labels: Early Eligibility Age would become Minimum Benefit Age at 62; Full Retirement Age would become Standard Benefit Age at 66 or 67, depending on birth year; and Delayed Retirement Age would become Maximum Benefit Age at 70. The bill was introduced by Reps. Don Beyer and Lloyd Smucker and is backed by AARP, Bipartisan Policy Center Action and AMAC Action. Claiming at 62 can permanently reduce monthly benefits by about 30% compared with claiming at the standard benefit age, while waiting until 70 can increase benefits by up to 24%, according to the bill's background materials. Age 62 accounted for roughly 23% of new benefit claims in 2023. The legislation comes as Social Security's combined trust funds are projected to cover full scheduled benefits only through 2034, with 83% payable afterward without congressional action, according to the Social Security Board of Trustees' 2026 annual report.