Working after retirement? A major Social Security rule could soon disappear
India, June 24 -- A new debate has sparked in the States about Social Security benefits and working after retirement. U.S. lawmakers are discussing whether to remove a rule called the Retirement Earnings Test. The rule currently affects people who are benefited by Social Security benefits before reaching their Full Retirement Age.
The Retirement Earnings Test is a Social Security rule that limits how much some retirees can earn from work while receiving benefits. If a person earns more than the allowed amount, part of their Social Security benefits can be temporarily withheld. The rule was first introduced during the Great Depression, according to the Economic Policy Innovation Center cited by Moneywise. The goal was to encourage older A...
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