Social Security Earnings Test Repeal Act of 2003

The Social Security Earnings Test Repeal Act of 2003 (H.R. 3098) proposed to eliminate the "earnings test" that currently reduces Social Security benefits for individuals who continue to work while receiving payments. Under existing law, beneficiaries who have not yet reached their full retirement age see a reduction in their monthly checks if their outside earned income exceeds a specific annual limit. This bill would have allowed all Social Security recipients to earn any amount of outside income without facing a penalty or reduction in their government benefits.