Let Seniors Work Act of 2015

To eliminate the payroll tax for individuals who have attained retirement age, to amend title II of the Social Security Act to remove the limitation upon the amount of outside income which an individual may earn while receiving benefits under such title, and for other purposes. 1. Short title This Act may be cited as the Let Seniors Work Act of 2015 2. Elimination of payroll tax for individuals who have attained retirement age (a) In general Section 230 of the Social Security Act ( 42 U.S.C. 430 (1) in subsection (a), by striking subsection (b) or (c) subsection (b), (c), or (e) (2) in subsection (b), by striking subsection (c) subsections (c) and (e) (3) by adding at the end the following new subsection: (e) Notwithstanding any other provision of law, the contribution and benefit base determined under this section for any calendar year after 2015 for any individual who has attained retirement age (as defined in section 216(l)(1)) shall be reduced to zero. . (b) Effective date The amendments made by this section shall apply to remuneration paid in any calendar year after 2015. 3. Repeal of provisions relating to deductions on account of work (a) In general Subsections (b), (c)(1), (d), (f), (h), (j), and (k) of section 203 of the Social Security Act ( 42 U.S.C. 403 (b) Conforming amendments Section 203 of such Act (as amended by subsection (a)) is further amended— (1) in subsection (c), by redesignating such subsection as subsection (b), and— (A) by striking Noncovered Work Outside the United States or (B) by redesignating paragraphs (2), (3), and (4) as paragraphs (1), (2), and (3), respectively; (C) by striking For purposes of paragraphs (2), (3), and (4) For purposes of paragraphs (1), (2), and (3) (D) by striking the last sentence; (2) in subsection (e), by redesignating such subsection as subsection (c), and by striking subsections (c) and (d) subsection (b) (3) in subsection (g), by redesignating such subsection as subsection (d), and by striking subsection (c) subsection (b) (4) in subsection (l), by redesignating such subsection as subsection (e), and by striking subsection (g) or (h)(1)(A) subsection (d) 4. Additional conforming amendments (a) Provisions relating to benefits terminated upon deportation Section 202(n)(1) of the Social Security Act ( 42 U.S.C. 402(n)(1) Section 203 (b), (c), and (d) Section 203(b) (b) Provisions relating to exemptions from reductions based on early retirement (1) Section 202(q)(5)(B) of such Act ( 42 U.S.C. 402(q)(5)(B) section 203(c)(2) section 203(b)(1) (2) Section 202(q)(7)(A) of such Act ( 42 U.S.C. 402(q)(7)(A) deductions under section 203(b), 203(c)(1), 203(d)(1), or 222(b) deductions on account of work under section 203 or deductions under section 222(b) (c) Provisions relating to exemptions from reductions based on disregard of certain entitlements to child’s insurance benefits (1) Section 202(s)(1) of such Act ( 42 U.S.C. 402(s)(1) paragraphs (2), (3), and (4) of section 203(c) paragraphs (1), (2), and (3) of section 203(b) (2) Section 202(s)(3) of such Act ( 42 U.S.C. 402(s)(3) The last sentence of subsection (c) of section 203, subsection (f)(1)(C) of section 203, and subsections Subsections (d) Provisions relating to suspension of aliens' benefits Section 202(t)(7) of such Act ( 42 U.S.C. 402(t)(7) Subsections (b), (c), and (d) Subsection (b) (e) Provisions relating to reductions in benefits based on maximum benefits Section 203(a)(3)(B)(iii) of such Act ( 42 U.S.C. 403(a)(3)(B)(iii) and subsections (b), (c), and (d) and subsection (b) (f) Provisions relating to penalties for misrepresentations concerning earnings for periods subject to deductions on account of work Section 208(a)(1)(C) of such Act ( 42 U.S.C. 408(a)(1)(C) under section 203(f) of this title for purposes of deductions from benefits under section 203 for purposes of deductions from benefits on account of work (g) Provisions taking into account earnings in determining benefit computation years Clause (I) in the next to last sentence of section 215(b)(2)(A) of such Act ( 42 U.S.C. 415(b)(2)(A) no earnings as described in section 203(f)(5) in such year no wages, and no net earnings from self-employment (in excess of net loss from self-employment), in such year (h) Provisions relating to rounding of benefits Section 215(g) of such Act ( 42 U.S.C. 415(g) and any deduction under section 203(b) (i) Provisions relating to earnings taken into account in determining substantial gainful activity of blind individuals The second sentence of section 223(d)(4)(A) of such Act ( 42 U.S.C. 423(d)(4)(A) if section 102 of the Senior Citizens Right to Work Act of 1996 had not been enacted if the amendments to section 203 made by section 102 of the Senior Citizens Right to Work Act of 1996 and by the Let Seniors Work Act of 2015 (j) Provisions defining income for purposes of SSI Section 1612(a) of such Act ( 42 U.S.C. 1382a(a) (1) by striking as determined under section 203(f)(5)(C) as defined in the last two sentences of this subsection (2) by adding at the end (after and below paragraph (2)(H)) the following: For purposes of paragraph (1)(A), the term wages wages . (k) Repeal of deductions on account of work under the Railroad Retirement Program (1) In general Section 2 of the Railroad Retirement Act of 1974 ( 45 U.S.C. 231a (A) by striking subsection (f); and (B) by striking subsection (g)(2) and by redesignating subsection (g)(1) as subsection (g). (2) Conforming amendments (A) Section 3(f)(1) of such Act ( 45 U.S.C. 231b(f)(1) before any reductions under the provisions of section 2(f) of this Act, (B) Section 4(g)(2) of such Act ( 45 U.S.C. 231c(g)(2) (i) in clause (i), by striking shall, before any deductions under section 2(g) of this Act, shall (ii) in clause (ii), by striking any deductions under section 2(g) of this Act and before 5. Effective date The amendments and repeals made by sections 3 and 4 of this Act shall apply with respect to taxable years ending on or after the date of the enactment of this Act.

Summary: Let Seniors Work Act of 2015 Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to: (1) eliminate the payroll tax for individuals who have attained retirement age, and (2) remove the limitation on the amount of outside income which a beneficiary may earn (earnings test) without incurring a reduction in benefits.