Legis Daily

Senior Citizens’ Freedom to Work Act of 2023

USA118th CongressHR-5193| House 
| Updated: 12/17/2024
Gregory F. Murphy

Gregory F. Murphy

Republican Representative

North Carolina

Cosponsors (6)
Diana Harshbarger (Republican)Thomas P. Tiffany (Republican)Claudia Tenney (Republican)Beth Van Duyne (Republican)Rudy Yakym (Republican)Pete Stauber (Republican)

Ways and Means Committee, Social Security Subcommittee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-2663
Senior Citizens’ Freedom to Work Act of 2019

Bill from Previous Congress

HR 117-3921
Senior Citizens’ Freedom to Work Act of 2021
Aug 11, 2023
Introduced in House
Aug 11, 2023
Referred to the House Committee on Ways and Means.
Dec 17, 2024
Referred to the Subcommittee on Social Security.
  • Bill from Previous Congress

    HR 116-2663
    Senior Citizens’ Freedom to Work Act of 2019


  • Bill from Previous Congress

    HR 117-3921
    Senior Citizens’ Freedom to Work Act of 2021


  • August 11, 2023
    Introduced in House


  • August 11, 2023
    Referred to the House Committee on Ways and Means.


  • December 17, 2024
    Referred to the Subcommittee on Social Security.

Social Welfare

Senior Citizens’ Freedom to Work Act of 2023

USA118th CongressHR-5193| House 
| Updated: 12/17/2024
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-2663
Senior Citizens’ Freedom to Work Act of 2019

Bill from Previous Congress

HR 117-3921
Senior Citizens’ Freedom to Work Act of 2021
Aug 11, 2023
Introduced in House
Aug 11, 2023
Referred to the House Committee on Ways and Means.
Dec 17, 2024
Referred to the Subcommittee on Social Security.
  • Bill from Previous Congress

    HR 116-2663
    Senior Citizens’ Freedom to Work Act of 2019


  • Bill from Previous Congress

    HR 117-3921
    Senior Citizens’ Freedom to Work Act of 2021


  • August 11, 2023
    Introduced in House


  • August 11, 2023
    Referred to the House Committee on Ways and Means.


  • December 17, 2024
    Referred to the Subcommittee on Social Security.
Gregory F. Murphy

Gregory F. Murphy

Republican Representative

North Carolina

Cosponsors (6)
Diana Harshbarger (Republican)Thomas P. Tiffany (Republican)Claudia Tenney (Republican)Beth Van Duyne (Republican)Rudy Yakym (Republican)Pete Stauber (Republican)

Ways and Means Committee, Social Security Subcommittee

Social Welfare

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted