[ORGANIZATION]
Earnings Test
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US Social Security early claim penalties and reversal
26 clusters · 56 sources · last updated
Latest: Social Security early claims cut benefits and trigger earnings test for working retirees
Analysts monitor how the permanent 30 % reduction for benefits claimed at age 62—about 70 % of the full amount—affects retirement income. The cut is calculated as 5⁄9 % of 1 % per month for the first three years and 5⁄12