Congressman Glenn Grothman has introduced a bill he says will remove government red tape that is acting as a disincentive for seniors to work.
The Senior Independence Act, which has been endorsed by the Association of Mature American Citizens and the National Taxpayers Union, increases the retirement earnings threshold (RET) from $21,240 to $30,000.
As the name implies, RET is the amount of money retired people can make per year while working.
The Glenbeulah Republican said of the importance of the measure, “The current system in place artificially discourages senior citizens from maintaining jobs, which is why we must create an environment that allows people to remain in the workforce without fear of losing the benefits that they have earned.”
