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Act encourages seniors to work.(Brief Article)(Column)
Are you scrambling to find quality people for all levels of jobs? With talent at a premium in this tight job market, you are not alone. The good news? Uncle Sam recently made it more attractive for retirees to return to the work force.
The Senior Citizens Freedom to Work Act of 2000 wipes out the earnings limit and the benefits penalty for individuals 65 and older who want to work while they collect Social Security benefits. Previously, retirees 65 to 69 lost one dollar of Social Security benefits for every three dollars they earned over $15,000. The new law also raises the earnings limit (from $9,600 to $10,080) for retirees between 62 and 64 who collect benefits …
