Social Security Retirement Earnings Test PDF Download
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Author:
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 26
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Book Description
Author:
Publisher:
ISBN:
Category : Disability retirement
Languages : en
Pages : 2
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Book Description
Author:
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 26
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Book Description
Author: United States. Congress. House. Select Committee on Aging. Subcommittee on Retirement Income and Employment
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 200
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Book Description
Author: Dawn Nuschler
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
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.
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Social Security
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 234
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Author: Alan L. Gustman
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
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.
Author:
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 106
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Book Description
Author: Marshall R. Colberg
Publisher: American Enterprise Institute Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 72
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Book Description
Author: C. Eugene Steuerle
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 22
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Book Description
Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 96
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Book Description
Distributed to some depository libraries in microfiche.
