Download or read book The Social Security Retirement Test written by Marshall R. Colberg and published by American Enterprise Institute Press. This book was released on 1978 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Social Security Earnings Test written by United States. Congress. House. Select Committee on Aging. Subcommittee on Retirement Income and Employment and published by . This book was released on 1980 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Social Security Retirement Earnings Test written by Stephen J. Entin and published by . This book was released on 1989 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Retirement Earnings Test written by and published by . This book was released on 1988 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Social Security Earnings Test and Options for Change written by and published by . This book was released on 1988 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Does the Social Security Earnings Test Affect Labor Supply and Benefits Receipt written by Jonathan Gruber and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: On April 7, 2000, President Clinton signed into law the "Senior Citizens Freedom to Work Act of 2000," which eliminated the unpopular earnings test that applied to those over the Social Security normal age of retirement (currently age 65). The earnings test, a version of which still applies to those ages 62-64, reduces immediate payments to beneficiaries whose labor income exceeds a given threshold. Although benefits are subsequently increased to compensate for any such reduction, the earnings test is typically viewed as a tax on working. As a result, it is commonly viewed as an important disincentive to paid work for older Americans. For example, when President Clinton signed the legislation that removed the earnings test for beneficiaries at or above the normal retirement age, he noted, "because of the Social Security retirement earnings test, the system withholds benefits from over 800,000 older working Americans and discourages countless more - no one knows how many - from actually seeking work." Similarly, Alan Greenspan recently stated that with the elimination of the earning test, "the presumption, of course, is that you'll get an increase in the number of retired people coming back into the work force."
Download or read book What to Do about the Social Security Earnings Test written by Jonathan Gruber and published by . This book was released on 1999 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Social Security Retirement Earnings Test written by and published by . This book was released on 2012 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Social Security Retirement Test written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Social Security and published by . This book was released on 1991 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Social Security Earnings Test written by C. Eugene Steuerle and published by . This book was released on 1994 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Social Security Retirement Earnings Test written by Dawn Nuschler and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Social Security benefits received before a person attains full retirement age (FRA) are subject to an actuarial reduction for early retirement and also may be reduced by the Social Security Retirement Earnings Test (RET) if the beneficiary has earnings that exceed an annual threshold. This report explains how the RET is applied under current law and provides detailed benefit examples to show how the RET affects both the worker beneficiary and any family members (auxiliary beneficiaries) who receive benefits based on the worker beneficiary’s record. The report points out features of the RET that are not widely known or understood, such as the recomputation of benefits when a beneficiary attains FRA to adjust (increase) benefits to take into account months for which no benefit or a partial benefit was paid as a result of the RET. Finally, the report discusses policy issues related to the RET, including recent research on the effect of the RET on work effort and the decision to claim Social Security benefits.
Download or read book The Social Security Retirement Earnings Test Retirement and Benefit Claiming written by Alan L. Gustman and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper introduces the age at which Social Security benefits are claimed as an additional outcome in a structural model of retirement and wealth. The model is then used to simulate the effects of abolishing the remainder of the Social Security earnings test, between age 62 and the full retirement age. Estimates are based on data for married men from the first six waves of the Health and Retirement Study. From age 62 through full retirement age, the earnings test reduces the share working full time by about four percent of the married male population, which entails a reduction of about ten percent in the number of married males of that age at full time work. However, abolishing the earnings test would adversely affect the cash-flow of the system. If the earnings test were abolished between early and full retirement age, the share of married men claiming Social Security benefits would increase by about 10 percentage points, and average benefit payments would increase by about $1,800 per recipient, to be offset eventually by actuarially fair or better than fair reductions in benefit payouts throughout their 70s, 80s and 90s. One can increase the employment of older persons either by abolishing the earnings test or by increasing the early entitlement age under Social Security. A major difference on the funding side is that abolishing the earning test results in an earlier flow of benefit payments from Social Security, worsening the cash-flow problems of the system, while increasing the early entitlement age delays the flow of benefit payments from the system, improving its liquidity.
Download or read book Social Security Earnings Test written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1994 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distributed to some depository libraries in microfiche.
Download or read book The Social Security Earnings Test written by Andrew G. Biggs and published by . This book was released on 2008 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most seniors view the Social Security earnings test as a quot;taxquot; that reduces their Social Security benefits by fifty cents for each dollar they earn above a modest limit. In fact, the earnings test is not a tax at all: at a person's full retirement age, Social Security increases benefits to account for any lost to the earnings test in earlier years. Over the typical retiree's lifetime, total benefits are almost exactly the same. Most retirees are unaware of this because the Social Security Administration (SSA) and financial advisers fail to inform them of how the earnings test works. Retirees need better information - and policymakers should consider whether the earnings test makes sense at all.
Download or read book Social Security Medicare and Pensions written by J. L. Matthews and published by NOLO. This book was released on 1999 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers retirement, disability, survivor and health care benefits.
Download or read book SOCIAL SECURITY MADE SIMPLE written by Mike Piper and published by Simple Subjects. This book was released on 2017-03-01 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Find all of the following, explained in plain-English: How your Social Security retirement benefits, spousal benefits, and widow/widower benefits are calculated How your benefits are affected if you have a government pension or if you continue working while claiming Social Security How to decide when is the best age for you (and your spouse, if you're married) to claim Social Security in order to get the most out of your benefits Whether or not it makes sense to take Social Security early in order to invest the money How to check your earnings record on the Social Security Administration's website to make sure you're getting the full benefit you deserve How Social Security benefits are taxed and how this affects retirement tax planning Please note that this book does not cover Social Security disability benefits or Supplemental Security Income (SSI).
Download or read book Proposals to Liberalize the Social Security Retirement Test and to Repeal Certain Social Security Benefits written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Social Security and published by . This book was released on 1989 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
