You can work while you receive Social Security retirement (or survivors) benefits. When you do, it could mean a higher benefit for you in the future.
Each year we review the records for all working Social Security recipients. If your earnings for the prior year are higher than one of the years we used to compute your retirement benefit, we will recalculate your benefit amount. We pay the increase retroactive to January the year after you earned the money.
Higher benefits can be important to you later in life and increase the future benefit amounts your family and your survivors could receive.
Note: If you receive survivors benefits, the additional earnings could help make your retirement benefit higher than your current survivors benefit.
How much can I earn and still get benefits?
If you are younger than full retirement age and make more than the yearly earnings limit, your earnings may reduce your benefit amount. (If you were born between 1/2/1945 and 1/1/1955, your full retirement age is 66 years.)
If you are under full retirement age for the entire year, we deduct $1 from your benefit payments for every $2 you earn above the annual limit. For 2014, that limit is $15,480. In 2015, that limit will be $15,720.
In the year you reach full retirement age, we deduct $1 in benefits for every $3 you earn above a different limit. In 2014, the limit on your earnings is $41,400 but we only count earnings before the month you reach your full retirement age. (In 2015, the limit on your earnings will be $41,880)
Note: If your earnings will be over the limit for the year but you will be retired for part of the year, we have a special rule that applies to earnings for one year. The special rule lets us pay a full Social Security check for any whole month we consider you retired, regardless of your yearly earnings.
When you reach full retirement age:
- Beginning with the month you reach full retirement age, your earnings no longer reduce your benefits, no matter how much you earn.
- We will recalculate your benefit amount to leave out the months when we reduced or withheld benefits due to your excess earnings.
If you are working outside the United States
If you work outside the United States, the rules for receiving benefits while you are working are different. For more information, please read Work Outside The United States.
When you should contact us
If you are not already receiving benefits, be sure to contact us at the beginning of the year you reach full retirement age. Even if you are still working, you may be able to receive some or all of your benefits for the months before you reach full retirement age.