Social Security: Proposed Changes to the Earnings Test (CRS Report for Congress)
Release Date |
Revised March 10, 2005 |
Report Number |
98-789 |
Authors |
Debra Whitman, Domestic Social Policy Division |
Source Agency |
Congressional Research Service |
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Summary:
On April 7, 2000, President Clinton signed H.R. 5, the Senior Citizens' Freedomto Work Act. The new law (P.L. 106-182) eliminated the Social Security earnings test- which reduces the benefits of recipients who work and earn more than a specifiedamount - for recipients between the "full retirement age" (currently age 65 and sixmonths) and age 70, effective January 1, 2000. In the 109th Congress, RepresentativesE. Clay Shaw and Gene Green have introduced bills (H.R. 750 and H.R. 276,respectively) that would eliminate the earnings test for recipients age 62 and older.