Plain-language definition
You may earn a delayed retirement credit for an eligible month from full retirement age until age 70 when you do not receive your retirement benefit because you have not started it or have voluntarily suspended it. The credits increase the future monthly retirement amount; increases stop at age 70.
How the term is used
SSA uses delayed retirement credits when calculating retirement benefits started after full retirement age and benefits restarted after an eligible voluntary suspension. The rate depends on year of birth and the number of eligible months. SSA’s calculator or your personal Social Security record is the appropriate source for an individual estimate.
Do not confuse DRCs with work credits
Social Security work credits help determine whether a person has enough covered work to qualify for a benefit. Delayed retirement credits affect the amount of an eligible retirement benefit after full retirement age. They do not replace missing work credits or independently establish eligibility.
Practical example
A person already receiving retirement benefits reaches full retirement age and asks SSA to suspend payments. Eligible months without payment before age 70 may produce delayed retirement credits. The person must still consider effects on family benefits, SSI, and Medicare premiums before requesting suspension.
Official sources
- SSA — Glossary of Social Security terms
- SSA — Delayed retirement credits
- 20 CFR § 404.313 — Delayed retirement credits