Early Social Security


Q. If I continue to work with the federal government at age 62 and beyond, can I still collect early Social Security at age 62? And stop paying Social Security?

A. While you could apply for a Social Security benefit at age 62, because you had earnings from wages or self-employment, you’d be subject to the Social Security earnings test. The limit for 2012 is $14,640. If you are under full Social Security retirement age, your Social Security benefit would be reduced by $1 for every $2 above that limit. Further, regardless of your age, as long as you have earnings from wages or self employment, you will have to pay Social Security taxes.


About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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