Public Law 98-21

E1032596

Public Law 98-21 is the 1983 U.S. federal statute that significantly reformed Social Security to address its financial solvency and adjust benefits and taxation.

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Statements (48)

Predicate Object
instanceOf Social Security reform law
United States federal statute
affectedProgram Disability Insurance
Hospital Insurance (Medicare Part A) NERFINISHED
Old-Age and Survivors Insurance NERFINISHED
aimedTo improve financial solvency of Social Security
prevent near-term exhaustion of Social Security trust funds
alsoKnownAs 1983 Social Security reforms
congressNumber 98th United States Congress NERFINISHED
country United States of America
surface form: United States
createdProvision changes in benefit computation for certain workers
changes in cost-of-living adjustment timing
changes in coverage rules for state and local government employees
changes in windfall benefits rules
coverage of certain nonprofit organization employees under Social Security
coverage of federal civilian employees under Medicare
coverage of members of Congress under Social Security
coverage of newly hired federal employees under Social Security
delayed cost-of-living adjustments for Social Security benefits
temporary interfund borrowing among Social Security trust funds
enactedBy United States Congress
hasComponent amendments to the Internal Revenue Code
amendments to the Social Security Act
hasTitle Social Security Amendments of 1983 NERFINISHED
informedBy recommendations of the National Commission on Social Security Reform
introducedPayrollTaxChange accelerated scheduled payroll tax increases
increased Social Security payroll tax rates
introducedTaxationOfBenefits federal income taxation of a portion of Social Security benefits
taxation of up to 50 percent of Social Security benefits for higher-income beneficiaries
jurisdiction United States government
surface form: United States federal government
legalCitation Public Law 98-21 NERFINISHED
longTermEffect extended solvency of Social Security trust funds
gradual increase in full retirement age from 65 to 67
increased share of Social Security benefits subject to federal income tax for some beneficiaries
modifiedBenefitFormula adjustments to early retirement reductions
changes to delayed retirement credit
gradual increase in normal retirement age
motivatedBy projected insolvency of Social Security trust funds in the early 1980s
policyArea federal taxation
retirement policy
social insurance
presidentAtSigning Ronald Reagan NERFINISHED
primarySubject Medicare NERFINISHED
Old-Age, Survivors, and Disability Insurance NERFINISHED
Social Security NERFINISHED
publicLawNumber 98-21 NERFINISHED
signedBy Ronald Reagan
yearEnacted 1983

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.