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The Social Security Administration (SSA) provides disability and retirement benefits to individuals who qualify to receive them based on their work records. While the SSA does not penalize people who continue to work while receiving retirement benefits, it does reduce a person's payments if he earns above a certain amount of income before reaching his full retirement age. The SSA continues to pay someone receiving disability payments during his trial work period and extended period of eligibility until he achieves and maintains a minimum amount of earned income.
if you are younger than full retirement age and make more than the yearly earnings limit, Social Security will reduce your benefit. Starting with the month you reach full retirement age, Social Security will not reduce your benefits no matter how much you earn.
- Social Security will use the following earnings limits to reduce your benefits: If you are under full retirement age for the entire year, Social Security will deduct $1 from your benefit payments for every $2 you earn above the annual limit.
For 2015 that limit is $15,720.
- In the year you reach full retirement age, Social Security will deduct $1 in benefits for every $3 you earn above a different limit, but Social Security will only count earnings before the month you reach your full retirement age.
If you will reach full retirement age in 2015, the limit on your earnings for the months before full retirement age is $41,880.
Starting with the month you reach full retirement age, you can get your benefits with no limit on your earnings.
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