H.R. 5193 · 118th Congress
Senior Citizens’ Freedom to Work Act of 2023
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
MurphySponsor6 cosponsors · 6 R
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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).
What it does: CRS summary · Introduced in House · Aug 11, 2023
Senior Citizens' Freedom to Work Act of 2023
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Senior Citizens’ Freedom to Work Act of 2023
Latest action (Dec 17, 2024): Referred to the Subcommittee on Social Security.
Policy area: Social Welfare · Origin: House · Introduced: Aug 11, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.