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Lawmakership earning limits for Social Security recipients
Washington lawmakers across parties debated earnings limits for Social Security recipients at a two day hearing by the House Government Operations subcommittee. Currently recipients may earn up to 1600 dollars a year without losing benefits, a limit some urged to raise or remove. Social Security Commissioner Ball warned raising the cap would cost about two billion dollars, arguing Social Security is insurance against retirement rather than an annuity, while Goldwater pressed for full grants regardless of earnings. Rep Collins Dill noted the low cap discourages work in his district. Ball pledged a memorandum on the cost of a four thousand dollar limit.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Barry Goldwater Jr
Calif