search query: @indexterm Social security / total: 450
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| Author: | Gustman, A. L. Steinmeier, Th. L. |
| Title: | Changing the social security rules for work after 65 |
| Journal: | Industrial and Labor Relations Review
1991 : JUL, VOL. 44:4, p. 733-745 |
| Index terms: | WORK SOCIAL SECURITY CHANGE USA EARNINGS EMPLOYEE BENEFITS RETIREMENT LEGISLATION |
| Language: | eng |
| Abstract: | The USA social security rules contain a provision for an earnings test by which current benefits are reduced if recipients continue to work and earn more than a certain amount. The justification for this provision was that social security benefits were for workers who had retired, not for workers who were still working. Over the years, the anti-work incentives of this scheme have been recognized. As a result, legislation weakened the Retirement Earnings Test. Despite the further changes scheduled, this test remains a sore point among the elderly population. Several proposals to speed up the reforms are described and analyzed. The labor market implications of a set of related proposals are examined. Changes in benefit payments are indicated. |
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