; or (ii) receives a benefit described in paragraph (2)(B) and attains 60 years of age after December 31, 2040, and before January 1, 2042, 70 years of age; and (J) with respect to an individual who— (i) attains 62 years of age after December 31, 2041, 70 years of age plus the number of months in the age increase factor (as determined under paragraph (6)); or (ii) receives a benefit described in paragraph (2)(B) and attains 60 years of age after December 31, 2041, 70 years of age plus the number of months in the age increase factor (as determined under paragraph (6)). ; (2) by amending paragraph (2) to read as follows: (2) The term early retirement age means— (A) in the case of an old-age, wife's, or husband's insurance benefit— (i) 62 years of age with respect to an individual who attains such age before January 1, 2030; (ii) with respect to an individual who attains 62 years of age after December 31, 2029, and before January 1, 2037, 62 years of age plus the number of months in the age increase factor (as determined under paragraph (4)) for the calendar year in which such individual attains 62 years of age; and (iii) with respect to an individual who attains age 62 after December 31, 2036, 64 years of age; or (B) in the case of a widow's or widower's insurance benefit, 60 years of age. ; and (3) by adding at the end the following new paragraphs: (4) For purposes of paragraph (2)(A)(ii), the age increase factor shall be equal to three-twelfths of the number of months in the period beginning with January 2030 and ending with December of the year in which the individual attains 62 years of age. (5) The age increase factor shall be equal to three-twelfths of the number of months in the period beginning with January 2030 and ending with December of the year in which— (A) for purposes of paragraphs (1)(F)(ii) and (1)(H)(ii), the individual attains 60 years of age