Pipeline · Bill → Law
Step 1
Introduced
Aug 11, 2023
Step 2
Referred
Dec 17, 2024
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill eliminates provisions that reduce Social Security retirement benefits for certain beneficiaries who are younger than full retirement age and who have outside income above a certain threshold, also known as the Retirement Earnings Test (RET). Under the RET, benefits are reduced for beneficiaries who are younger than full retirement age if they earn more than the annual limit ($21,240 for 2023). Withheld benefits are subsequently added to monthly benefits once the beneficiary reaches full retirement age.
Timeline · 3 actions
Dec 17, 2024
Referred to the Subcommittee on Social Security.
Aug 11, 2023
Introduced in House
Aug 11, 2023
Referred to the House Committee on Ways and Means.