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1983 - Social Security Amendments of 1983, Pub. L. 98–21 This document describes the massive 1983 changes affecting the financing of the Social Security system. 1984 - Social Security Disability Benefits Reform Act of 1984 , Pub. L. 98–460
Under the 1983 amendments to Social Security, a previously enacted increase in the payroll tax rate was accelerated, additional employees were added to the system, the full-benefit retirement age was slowly increased, and up to one-half of the value of the Social Security benefit was made potentially taxable income.
Opponents of this bill, such as the Committee for a Responsible Federal Budget, stated that this would hasten the point where Social Security payouts exceed taxes by six months. [13] Others state that repealing the WEP would reintroduce the ability of a windfall to be generated by higher-paid long-time public sector workers who work for a short ...
The bill, the Social Security Fairness Act, will repeal the Windfall Elimination Provision (WEP), enacted in 1983, which reduces the Social Security benefits of workers who receive government ...
John F. Kennedy. In 1961, JFK amended Social Security to allow workers to opt for early retirement at age 62 — but only men. The amendments also increased the minimum monthly benefit and the ...
As people grow older, their incomes decline and their healthcare expenses grow. Before Social Security, indigence was a part of old age for millions of elderly Americans, who depended on their...
1st: January 3, 1983 – November 18, 1983 2nd : January 23, 1984 – October 12, 1984 The 98th United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives .
In a ceremony on the South Lawn, President Reagan signs a bill to avert Social Security insolvency in 1983. Looking on are a range of figures, including Alan Greenspan, far left, Senator Robert ...