Indirect procurement is the sourcing of all goods and services for a business to enable its activity. Or looking at it another way, the goods and services classified under the umbrella of indirect procurement are commonly bought for consumption by internal stakeholders (business units or functions) rather than the external customer or client.
Social Security's full-benefit retirement age is increasing gradually because of legislation passed by Congress in 1983. Traditionally, the full benefit age was  65, and early retirement benefits were first available at age 62, with a permanent reduction to 80 percent of the full benefit amount.
A: Full retirement age (FRA) is the age at which a person may first become entitled to full, unreduced, retirement benefits. Based on existing legislation, full retirement age of 66 is only a step on the way to a FRA of age 67. The original Social Security Act of 1935 established that retirement, then the only SSA benefit, could begin at age 65. Since reduced benefits did not yet exist and the retirement age was 65, there was no need then for the concept of full retirement age. The 1956 Amendments signed by President Eisenhower provided an age 62 Social Security retirement option to women effective with November 1956, establishing reduced retirement benefits.