WASHINGTON (Feb. 11, 2000) — Bruce Bartlett, senior fellow with the National Center for Policy Analysis (NCPASM), will provide testimony to the House Ways & Means Social Security Subcommittee on Tuesday, Feb. 15, on the Social Security earnings test.
Social Security has included a retirement earnings test since the 1930s. Under this provision, working seniors with earnings above a certain threshold lose part or all of their Social Security benefits in the year of the earnings. In 2000, seniors aged 65 to 69 can earn up to $17,000 without penalty. For every $3 they earn above that limit, seniors lose $1 in benefits. Bartlett will testify that this punitive earnings test needlessly sidelines thousands of seniors who could otherwise be making significant contributions, especially in this booming new economy.
WHO: Bruce Bartlett, Senior Fellow, NCPA
WHAT: Testimony Before The Social Security Subcommittee Of The Committee On Ways And Means
WHEN: Tuesday, Feb. 15, 2000 at 9:00 A.M.
WHERE: 1100 Longworth House Office Building, Washington, D.C.
Bartlett is a former deputy assistant secretary for economic policy at the U.S. Treasury Department. In 1987 and 1988 he served as a senior policy analyst in the Office of Policy Development at the White House.