to the Social Security system and who is drawing a separate pension may have what is perceived as an unfair advantage in their benefits. Full retirement age Originally, all RIB beneficiaries reached their Full Retirement Age at the age of 65. Changes in the Full Retirement Age have been enacted, based upon the birthdate of the beneficiary as follows: Prior to January 2, 1938: 65 years January 2, 1938 – January 1, 1939: 65 years and 2 months January 2, 1939 – January 1, 1940: 65 years and 4 months January 2, 1940 – January 1, 1941: 65 years and 6 months January 2, 1941 – January 1, 1942: 65 years and 8 months January 2, 1942 – January 1, 1943: 65 years and 10 months January 2, 1943 – January 1, 1955: 66 years January 2, 1955 – January 1, 1956: 66 years and 2 months January 2, 1956 – January 1, 1957: 66 years and 4 months January 2, 1957 – January 1, 1958: 66 years and 6 months January 2, 1958 – January 1, 1959: 66 years and 8 months January 2, 1959 – January 1, 1960: 66 years and 10 months After January 1, 1960: 67 years Time of payment RIB payments, like all benefits paid under Title II of the Social Security Act, are generally paid on one of the following days depending on the beneficiary's payment cycle: Cycle 1: 3rd day of the month Cycle 2: 2nd Wednesday of the month Cycle 3: 3rd Wednesday of the month Cycle 4: 4th Wednesday of the month For Cycle 1 beneficiaries, payment is moved to the preceding Friday if the 3rd day of the month falls on Saturday or Sunday. Similarly, if a payment date falls on a federal holiday—which can only happen for Cycle 2 beneficiaries on Veterans Day and Cycle 4 beneficiaries on Christmas—payment is moved to the preceding day. Cycling the benefits onto four different payment days began in 1997 as the result of unequal workloads in the beginning of the month which made it difficult for all beneficiaries to have easy access to the Administration. At this time, over 50 million checks were issued by the Administration within the first three days of the month with an expectation that the workload would be over 70 million within the first three days by 2020 with the baby boomers retired. Beneficiaries who are already