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  If I retire mid-year, are earnings counted from Jan 1, or my retirement date?
  Question
  If I retire in the middle of a year is the amount I earn counted from Jan 1, or from the date I retire?
  Answer
 

When entitlement to benefits begins or ends during the year, many people work in months before or after entitlement. We use a monthly test to consider these earnings. The monthly earnings test provides that a person can receive full benefits for any month in which he or she does not earn wages over one-twelfth of the annual exempt amount and does not perform substantial services in self-employment.

The monthly amount for 2008 is $1,130. We pay benefits in these months regardless of the amount by which the person's earnings exceed the annual exempt amount. We use the monthly earnings test in the first year that a person does not work over the monthly limit in at least 1 month. We also use the monthly test for the year benefits end for children (including students) or parents who get benefits because they are caring for a young or disabled child.


 
 
 
  
 
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