The bill would let qualifying workers in physically demanding jobs claim Social Security retirement benefits at age 60 instead of 62. It would also exempt covered workers from the early-retirement benefit reduction and set a special retirement earnings-test exempt amount of $833.33⅓ per month for taxable years ending after 2026 and before 2028. The changes would apply to benefits paid after 2026.
You could qualify as a covered worker by earning at least 20 base points or 15 adjusted points. To earn points for a year, you must work in a qualifying physically demanding job for at least 8 months that year. The Social Security Commissioner, working with the Labor and Health and Human Services departments, would publish and update the list of qualifying occupations. Eligible workers could claim benefits starting at age 60.
No publicly available information about costs.
No publicly available information.
No publicly available information.