Copyright 2019 Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
Twenty years ago today, President Bill Clinton signed into law the Senior Citizens’ Freedom To Work Act of 2000. It eliminates the Social Security retirement earnings test in and after the month in which a person attains full retirement age of 65. It also states that, in the calendar year the beneficiary attains the full retirement age, the earnings limit for those at the full retirement age through age 69 is permanently applied. It also permits, beginning with the month in which the beneficiary reaches full retirement age and ending with the month prior to attainment of age 70, the retired worker to earn a delayed retirement credit for any month for which the retired worker requests that benefits not be paid even though he/she is already on the benefit rolls. All of this was to help older Americans stay in the work force longer or help those who still needed to work, as economic trends had changes since Social Security’s inception during the Great Depression.
(Social Security Administration)
Copyright © 2020 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.