What is the “notch”?
In 1972 a technical error was introduced in the law which resulted in beneficiaries getting a double adjustment for inflation. In 1977 Congress acted to correct the error. Instead of making the correction immediate, they phased it in over a five year period (this is the notch period). This phase-in period was defined as affecting those people born in 1917-1921. Individuals in the notch generally receive higher benefits than those born after the notch, although they receive lower benefits than those born in the period prior to the notch when the error was in effect.
Related Questions
- The short answer is no, they aren . They physically won even fit in each others memory slots on the board because the notch in them is in different places.
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