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Congress is looking to repeal a Social Security rule that impacts retirees who are still earning

Congress is considering a bill to repeal a rule that withholds benefits from retirees who continue to work. This change could provide a benefit boost to millions of early retirees. Some reports indicate the move may have a significant impact on the Social Security trust fund.

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What changed

New details emerge regarding legislative efforts to eliminate benefit withholding for working early retirees.

Live updates

  1. Congress Weighs Repeal of Social Security Rule for Working Retirees

    Congress is considering a bill to repeal a rule that withholds benefits from retirees who continue to work. This change could provide a benefit boost to millions of early retirees. Some reports indicate the move may have a significant impact on the Social Security trust fund.

    What's confirmed:

    • Congress is looking to repeal a Social Security rule that impacts retirees who are still earning.
    • A bill in Congress would repeal a rule that withholds benefits from early retirees who keep working.

    Still unconfirmed:

    • The Social Security Fairness Act and Strengthening Social Security Act are among the legislative efforts being considered.
    • The proposed change could have a significant impact on the trust fund.
    • A new bill may phase out the Social Security payroll tax cap.
    • A bill may exist to eliminate federal taxes on Social Security benefits.
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