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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. [67] [68]
This document describes minor changes: Social Security Tax rates on Virgin Islands income, Social Security Disability Changes (Benefits during Appeal, Periodic Reviews, Reconsiderations), and Offsets related to public pensions. 1983 - Social Security Amendments of 1983, Pub. L. 98–21
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.
This law was changed by the Social Security Amendments of 1983, which brought within the Social Security system all members of Congress, the president and the vice president, federal judges, and certain executive-level political appointees, as well as all federal employees hired in any capacity on or after January 1, 1984. [177]
Alternatively, Congress could reduce benefits or raise the full retirement age, as it did in the 1983 Social Security amendment, which followed recommendations from the Greenspan Commission ...
The Social Security Amendments of 1983 contained two provisions that impact when someone decides to retire, according to the SSA. One was an increase in the retirement age that first affected ...
The Social Security Amendments of 1983 (Public Law 98-21) provided for the WEP as a means of eliminating the "windfall" of social security benefits received by beneficiaries who also receive a pension based on work not covered by Social Security. [3]
With the program's asset reserves expected to be depleted, Congress passed and then-President Ronald Reagan signed the Social Security Amendments of 1983 into law.