Alert
Close

Think you know AARP? What you don't know about us may surprise you. Discover all the 'Real Possibilities'

AARP's Social Security Q&A Tool

If I begin receiving my Social Security benefits early at age 62 and continue to work, will my benefits increase when I reach full retirement age?

En español | If you simultaneously receive Social Security benefits and work, you may be subject to the Retirement Earnings Test (RET). The RET does not apply if you've reached full retirement age. But for the years prior to reaching that age, benefits will be reduced by $1 for every $2 in earnings over $15,480 (2014 figure). For the year in which you reach full retirement age, a different formula applies. For the months prior to the month of your birthday, you are allowed to earn $41,400 (2014 figure) without reduction of benefits. If you exceed that figure,  benefits are reduced by $1 for every $3 in earnings above $41,400. Once you reach full retirement age, your benefits are recomputed and you are given credits for any months in which your benefit was reduced due to the RET.

So, the answer to the question is a qualified yes: if you take retirement benefits at age 62 and continue to work and have benefits reduced, Social Security will recalculate your benefit when you reach full retirement age. If benefits were suspended in full for the entire four years, you will be given credit for working and will receive a full retirement benefit. It is also possible that, even if you don't lose benefits due to the RET, your work after 62 can raise your benefit by improving your overall life work record provided it is in your top 35 years of earnings.

Tell Us WhatYou Think

Please leave your comment below.

submit a question to
AARP EXPERTS

Didn’t see the answer to your question? Help us improve the tool by submitting your Social Security question. Go

Jobs You Might Like

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

Woman sitting on sofa using laptop
membership adt

Small business owners save 20% on new installation of any new ADT security system.

Mujer en la parte de afuera de so negocio

Free quotes for members from the AARP® Small Business Insurance Program.

Member Benefits

Renew today! Members receive exclusive member benefits & affect social change.

Explore Your Learning Possiblities