Grothman To Introduce Bill To Help Seniors Back Into Workforce
Wisconsin Congressman Glenn Grothman has introduced a bill that would remove government red tape that is acting as a disincentive for seniors to work.
During a time where record numbers of jobs are going unfilled, Grothman says recently retired people are willing to fill these positions, but don’t due to being penalized on their social security funds if they make over a certain amount of money in a year.
Grothman stated “Many senior citizens who are capable and ready to work are opting to stay home due to restrictive government regulations. He goes on to say, “There are over 10 million job openings in the U.S. and we have people ready, willing, and able to work. “We need them off the sidelines and in the game — which is where
they want to be. That’s why it is so important that Congress quickly acts to pass the Senior Independence Act.”
For individuals between the ages of 62 and 67, $1 is deducted from Social Security benefit payments for every $2 earned above the annual limit of $21,240.
Under the Senior Independence Act, this limit would be raised to $30,000.
If signed into law, the Senior Independence Act would take effect beginning in 2024.