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Clinton Signs Repeal of Social Security Earnings Test

Tue, 04/11/2000 - 11:00pm — Karen Stevenson
Description: 

On April 7, President Clinton signed into law HR 5, Senior Citizen?s Freedom to Work Act of 2000. This law repeals the earnings test for Social Security Benefits for people age 65-69. Beneficiaries aged 62-65 will still be subject to the earnings test, and those age 70 and above were already exempt from the test. The earnings test reduced benefits by $1 for every $3 the beneficiary earned over $17,000. The legislation is back-dated to January 1, 2000, so about 800,000 workers and 100,000 spouses and dependents who have had benefits withheld this year will have them returned in full in their May Social Security checks.

On April 7, President Clinton signed into law HR 5, Senior Citizen?s Freedom to Work Act of 2000. This law repeals the earnings test for Social Security Benefits for people age 65-69. Beneficiaries aged 62-65 will still be subject to the earnings test, and those age 70 and above were already exempt from the test. The earnings test reduced benefits by $1 for every $3 the beneficiary earned over $17,000. The legislation is back-dated to January 1, 2000, so about 800,000 workers and 100,000 spouses and dependents who have had benefits withheld this year will have them returned in full in their May Social Security checks.