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Earnings Test

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Earnings Test
In Social Security in the United States, a test to determine whether a person under normal retirement age (between 62 and 67) is eligible for reduced benefits. The test sets two levels of income (which vary year to year); if one's own income is above the lower level but below the upper level, one may receive benefits at a $1 reduction for every $2 in wages. One receives full benefits in later years after one has passed proper retirement age.
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Volume 23 includes studies of the effects of the Social Security earnings test on labor supply; the meaning of U.
Tax Policy and the Economy, Volume 23 by NBER Reporter
Byline: Daily Star Staff Summary: <p>Having largely passed the second-quarter corporate earnings test without major shocks, the next hurdle for global financial markets is likely to be the eventual withdrawal of extra cash injected by central banks.
Global markets heading toward the exit by The Daily Star (Beirut, Lebanon)
Use the Retirement Earnings Test Calculator to figure the impact of your earnings on your benefits.
Work and Still Get Social Security by Kimberly Lankford, Contributing Editor, Kiplinger's Personal Finance / Kiplinger.com
 
 
 
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