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1977 - Social Security Amendments of 1977, Pub. L. 95–216 1980 - Social Security Disability Amendments of 1980, Pub. L. 96–265 1980 - Reallocation of Social Security Taxes Between OASI and DI Trust Funds, Pub. L. 96–403
President Ronald Reagan signing the Social Security Amendments Act of 1983. After the 1977 amendments, the economic assumptions surrounding Social Security projections continued to be overly optimistic as the program moved toward a crisis. For example, COLAs were attached to increases in the CPI.
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...
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 ...
April 20 is the 40th anniversary of the 1983 Social Security Amendments, which President Ronald Reagan signed after the bipartisan Greenspan Commission made its recommendations for reform.
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The 1977 amendments to the Social Security Act allowed for a DIB Guarantee PIA. Under these provisions, a future PIA used for any benefits after 1978 can be no smaller than: [9] The PIA in the last month of entitlement to DIB which terminated more than 12 months prior to entitlement to RIB, reentitlement to DIB, or death