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Higher Earnings for Early Retirees: New Social Security Rules

This act increases the amount early retirees can earn without reducing their Social Security benefits. Starting in 2023, this limit will rise to $30,000 annually, allowing retirees greater work flexibility. These changes will not negatively impact the solvency of the Social Security program.
Key points
Annual earnings limit for early retirees increases to $30,000 starting in 2023.
Allows individuals to earn more without losing Social Security benefits.
Changes may potentially increase FICA tax collections, supporting the Social Security program.
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Additional Information
Print number: 117_HR_6925
Sponsor: Rep. Grothman, Glenn [R-WI-6]
Process start date: 2022-03-03
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Senior Independence Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6925.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-03.

What are the main provisions?

Key points include:

  • Annual earnings limit for early retirees increases to $30,000 starting in 2023.
  • Allows individuals to earn more without losing Social Security benefits.
  • Changes may potentially increase FICA tax collections, supporting the Social Security program.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Grothman, Glenn [R-WI-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Benefits Taxes Labor