When was ssi enacted

President Franklin D. Roosevelt signed the Social Security Act on August 14, In President Roosevelt signed legislation establishing benefits for survivors and dependents. Early retirement benefits, allowing people to draw checks at age 62, were enacted in for women and in for men. President Reagan signed legislation in providing for taxation of benefits, and for a gradual increase in the age of full retirement benefits to President Clinton signed legislation in eliminating the retirement earnings test for people above the full-benefit retirement age.

The earnings test required beneficiaries to give up part of their Social Security benefits when they earned in excess of a certain amount. It still applies to beneficiaries below the full-benefit age.

In and , a "payroll tax holiday" temporarily reduced the Social Security tax rate for workers from 6. In , Congress passed the Bipartisan Budget Act, which reallocated the portions of the 6. Prior to January 1, , 0.

Employment, Medicare, Medicaid, Social Security. Medicaid is a joint state-federal program that provides health care to individuals who have low incomes, including persons with disabilities. Medicaid, Social Security. Medicare is the federal health insurance program for individuals age 65 and older and for those who qualify based on Skip to Content All Policies. Related Public Policies All Policies. Categories Finances, Social Security. Categories Medicare, Social Security.

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