Yes, this sounds like it is true.However, you should definitely consult Social Security. You might want to visit your local Social Security office. You can locate it here: https://secure.ssa.gov/apps6z/FOLO/fo001.jsp You can also call the toll-free Social Security number 1-800-772-1213.However, when you call, you might want to ask them about the benefits of delaying Social Security. If you wait until your maximum retirement age, then your monthly payments could be much higher than those started at age 62. And, since Social Security is lifetime income, the larger payments, started later could ultimately be more valuable.Learn more about the benefits of delaying Social Security here: http://www.newretirement.com/Services/Social-Security-Benefits.aspx