Legislation has been introduced to the House Ways and Means Social Security Subcommittee that among other things would:

  • increase full retirement age at which workers could claim benefits
  • after 12/31/29 raise for workers the “early retirement age” to 69
  • change how benefits are calculated to increase benefits for lower-income workers while slowing the growth of benefits for higher-income workers
  • alter formulas for calculating annual COLAs
  • eliminate the Retirement Earnings Test enabling workers to receive benefits without penalty while still employed