Financial

Senior Citizen's Freedom to Work Act of 2000

Senior Citizen's Freedom to Work Act of 2000

Legislation in the United States that made it easier for persons to continue to work between 65 and 69. Prior to its passage, persons in this age group had their Social Security benefits reduced significantly (and, in some circumstances, almost eliminated) if they continued to work after beginning to collect from the program and earned more than $17,000 per year. This was considered to be detrimental to middle class persons who continued to work. The Act eliminated this penalty.
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