[SoCal Pubbie]

Okay but isn’t it still wiping out any current benefit if you earn too much?

[The Truth Will Make You Free]

If I understand it correctly, it reduces the current benefit, but will cause future benefits to be increased. So they are only “wiped out” if there’s not enough years of life left to recover them.

Here’s another source that validates the repayment. The author says it may take 15 years to recoup the amounts deducted. That agrees with my analysis that the monetary break-even is about age 80. If you expect not to live that long, begin drawing at 62.