Social Security Amendments of 1983
E316675
The Social Security Amendments of 1983 were a major U.S. reform law that stabilized Social Security’s finances through measures such as gradually raising the retirement age, increasing payroll taxes, and taxing some Social Security benefits.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Social Security Amendments of 1983 canonical | 3 |
| 1983 Social Security reform | 1 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
Social Security reform
ⓘ
United States federal law ⓘ |
| affects |
Social Security benefit taxation
ⓘ
Social Security normal retirement age ⓘ Social Security payroll tax rate ⓘ Social Security trust fund solvency ⓘ |
| affectsProgram |
Medicare
ⓘ
Social Security ⓘ
surface form:
Old-Age, Survivors, and Disability Insurance
|
| alsoKnownAs |
Social Security Amendments of 1983
ⓘ
surface form:
1983 Social Security reform
|
| appliesTo |
Social Security
ⓘ
surface form:
Social Security program of the United States
|
| basedOnRecommendationsOf | National Commission on Social Security Reform ⓘ |
| containsProvision |
Medicare payroll tax coverage for federal employees
ⓘ
changes in benefit computation for certain workers ⓘ changes in benefit rules for disabled beneficiaries ⓘ changes in benefit rules for divorced spouses ⓘ changes in benefit rules for students ⓘ changes in financing of the Social Security trust funds ⓘ changes to the windfall benefit rules ⓘ coverage of employees of nonprofit organizations under Social Security ⓘ coverage of members of Congress and the President under Social Security ⓘ coverage of newly hired federal employees under Social Security ⓘ delayed cost-of-living adjustment in 1983 ⓘ delayed retirement credit increases ⓘ gradual increase in normal retirement age from 65 to 67 ⓘ increase in payroll tax rates for Social Security ⓘ interfund borrowing authority among Social Security trust funds ⓘ taxation of a portion of Social Security benefits for higher-income beneficiaries ⓘ temporary acceleration of scheduled payroll tax increases ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| dateSigned | April 20, 1983 ⓘ |
| enactedBy | United States Congress ⓘ |
| introducedInCongress | 98th United States Congress ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| longTermEffect |
increased share of Social Security benefits subject to federal income tax over time
ⓘ
reduced long-run Social Security actuarial deficit ⓘ |
| policyArea |
public finance
ⓘ
retirement policy ⓘ social insurance ⓘ |
| presidentAtSigning | Ronald Reagan ⓘ |
| primaryGoal |
restore long-term solvency of Social Security
ⓘ
stabilize Social Security finances ⓘ |
| publicLawNumber | Public Law 98-21 ⓘ |
| result | extended projected solvency of Social Security trust funds ⓘ |
| sectorImpacted |
employers
ⓘ
retirees ⓘ workers ⓘ |
| signedBy | Ronald Reagan ⓘ |
| yearEnacted | 1983 ⓘ |
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
1983 Social Security reform