Social Security Cap Boosts Aged Workers | AccountingWEB

Social Security Cap Boosts Aged Workers

When President Clinton signed the legislation last week that lifted the cap on social security earnings for Americans, ages 65-69, he not only provided seniors the ability to continue working, but helped feed the employee-needy small business marketplace.

In essence, the cap enables this population to work without jeopardizing their social security benefits.

Experts do not yet know how many aged Americans will enter the workforce, but potential workers may do so right away if they choose; legislation was made retroactive to Jan. 1, 2000.

Based on the changes, temporary employment agencies have begun to recruit older workers back into the workforce, and these organizations have become vocal that the change also helps feed the flex-time/part-time marketplace.

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