Grassley Comments on Passage of Social Security Earnings Limit
"People are living longer. They want to work longer. The government shouldn't get in the way. Older workers have paid into Social Security their entire careers. They deserve to receive their Social Security benefits and earn income without facing a stiff penalty. Many Iowans have contacted me in frustration over this issue. About 7,400 Iowans ages 65 to 69 lose Social Security benefits each year by continuing to work. I hope President Clinton signs the bill right away. We need to get the job done so older Americans can go back to work if they want.
"The earnings limit is a good example of Social Security showing its age. Now that we've fixed that problem, we need to bring the rest of the program into modern times. We have to continue pushing for passage of our bipartisan legislation to improve and strengthen Social Security for future generations of older Americans."
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