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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A frequent topic discussed in this literature is the effect of Social Security earnings tests on labor force participation.
These projections reflect the results of actual weather through November 27, with normal weather thereafter, no effect from performing earnings tests on a quarterly basis pursuant to a December 18, 2003 rate order issued by the State Corporation Commission of Virginia, and exclude the effect of unusual items that could arise in the future.
The multiple regression framework also shows how democracies and nondemocracies are quite similar in terms of their use of retirement tests, earnings tests, or in their splitting of the payroll tax between employer and employee.
These older workers can now continue to work beyond their NRA and receive their full SSA retirement benefits, without suffering the prior "take-back" effects flowing from the repealed earnings tests for eligibility.
His domestic agenda, as he outlined it before the ASAE audience, is to promote choice and opportunity through * education and educational flexibility, * home ownership for low-income people, * business enterprise zones, * anti-discrimination laws, * community opportunity areas, * social security earnings tests, and * anti-crime efforts.
While final legislation is expected within the next few weeks, interested parties are still attempting to reach agreement regarding the rate impact of a full transition to market pricing, the application of earnings tests to protect from over-earnings at the utility, as well as the method of securing the lower of market prices and the regulated security plans for Ohio consumers.
These estimates also: (i) assume an anticipated level of costs and a rate of incurrence of such costs throughout the remainder of fiscal year 2005 in connection with a large project to be performed in Prince George's County, Maryland, and assume approval by the Public Service Commission of Maryland of Washington Gas' proposed accounting treatment for certain of these costs, (ii) assume no additional effect that may result from performing earnings tests pursuant to a December 18, 2003 rate order issued by the State Corporation Commission of Virginia, and (iii) exclude the effect of other unusual items that could arise in the future.
3 million, reflecting primarily a favorable change in the supply mix caused by less purchased water needed to replace groundwater supply lost, as discussed above; and (ii) a decrease of $866,000 for the six months ended June 30, 2006 in the provision for supply cost balancing accounts reflecting primarily the elimination of the earnings tests by the CPUC.
The bank group recently allowed amendments to the facility, mainly to its numerical covenants, to accommodate potential violations stemming from the effects of large nonrecurring losses from discontinued operations on its capital and earnings tests.
For the second and the third year of this three-year General Rate Case, the CPUC approved an annual increase of approximately $1,878,400 and $2,333,700, respectively, subject to certain earnings tests.
The request included a $26 million upfront rate reduction with a four-year base rate freeze, surcharge for all MPSC approved purchase power contracts, no earnings tests and 11.