Full question: I’m 72 and work full-time and took my Social Security benefit at FRA (age 66). My employer continues to deduct OASDI from my paycheck. Does the income I earn count toward my PIA calculation? Can my benefit increase if current income replaces a lower earning year?

Hi there,

Yes, to both of your questions!

And valuable for people to know this since many of us are still working beyond our FRA, and even age 70.

As long as earned income is subject to FICA payroll taxes for Social Security and Medicare (OASDI), the SSA is continuously updating your PIA calculation. Therefore, if your current earnings are higher than any of the previously high 35 years, the PIA, and your benefit amount, will increase.

Take care,
Martha

Schedule Appointment
Back to All