Hi Larry, I started collecting ss benefits at 62. i continued to work always under the max amount. I am now 66 ( full retirement age ) and thinking of quitting work altogether. Will i get an increase in my ss benefits ?

Hi,

The only thing you mention that might result in a benefit rate increase is if your recent yearly earnings were higher than the amount you earned in one of the previous years that were used to calculate your benefit rate. Social Security retirement benefits are based on an average of a person's highest 35 years of Social Security covered wage-indexed earnings, so additional years of earnings only increase a person's benefit rate if they're higher than one or more of the 35 years currently being used to calculate the person's benefit rate.

If your earnings from age 62 to full retirement age (FRA) were below the Social Security earnings test limit, nothing else you mentioned would result in a benefit rate increase regardless of whether or not you continue working. If you start drawing your benefits prior to FRA and if none of your benefits end up being withheld due to your earnings, the reduction for age applied to your benefit rate is permanent.

Best, Jerry