Senior Citizen's Freedom to Work Act of 2000

(redirected from Senior Citizens Freedom to Work Act)

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.
References in periodicals archive ?
Once the normal retirement age is reached, the Senior Citizens Freedom to Work Act of 2000 permits an unlimited amount of FICA wages without penalty.
In April of this year, the Senior Citizens Freedom to Work Act was signed into law.
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