HR 5193
118th Congress
House
Social Welfare
Senior Citizens’ Freedom to Work Act of 2023
Introduced: August 11, 2023
Introduced by:
Murphy, Gregory F.
Republican
· North Carolina
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 17, 2024
Referred to the Subcommittee on Social Security.
Aug 11, 2023
Referred to the House Committee on Ways and Means.
Aug 11, 2023
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the Subcommittee on Social Security.
Committees of jurisdiction
2