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If you elect to receive Social Security benefits before your Full Retirement Age (FRA) and continue to work, your benefits are subject to the “Annual Earnings Test” as follows:

  • If you work and receive SS benefits prior to FRA, $1 in benefits will be withheld for every $2 you earn over $15,720 in 2015. 
  • In the year you reach FRA $1 in benefits will be withheld for every $3 you earn above $41,880 in 2015, but the SSA only counts earnings before the month you reach your FRA.
  • Starting with the month you reach FRA, you can get your benefits with no limit on your earnings.

* Important Note: If your benefits are reduced while receiving benefits and working prior to FRA, your benefits will be adjusted later at your FRA. For detailed information about this, please visit the Social Security website below.

Social Security Website