Social Security Act-ENTIRE (Current through P.L. 118–120, Enacted November 25, 2024)
Overview
The Social Security Act is a United States federal law that established the Social Security program. The program provides retirement, disability, and survivor benefits to eligible individuals. The Act was enacted on August 14, 1935, and has been amended numerous times since then.
Key Provisions
The key provisions of the Social Security Act include:
- Old-Age, Survivors, and Disability Insurance (OASDI): This program provides retirement benefits to people who have worked and paid Social Security taxes for at least 10 years. It also provides survivor benefits to the spouses, children, and parents of deceased workers. Disability benefits are available to people who are unable to work due to a medical condition.
- Supplemental Security Income (SSI): This program provides cash assistance to low-income individuals who are aged, blind, or disabled.
- Medicare: This program provides health insurance to people who are age 65 or older, people with certain disabilities, and people with End-Stage Renal Disease (ESRD).
Recent Amendments
The Social Security Act has been amended several times in recent years. Some of the most notable amendments include:
- The Social Security Amendments of 1983: These amendments made a number of changes to the Social Security program, including raising the retirement age and increasing the payroll tax rate.
- The Social Security Amendments of 1993: These amendments created the Supplemental Security Income (SSI) program.
- The Social Security Amendments of 1994: These amendments made a number of changes to the Medicare program, including adding prescription drug coverage.
- The Social Security Amendments of 2000: These amendments increased the amount of benefits that OASDI recipients receive.
- The Social Security Amendments of 2015: These amendments made a number of changes to the SSI program, including increasing the income limits for eligibility.
Controversy
The Social Security program is a controversial issue. Some people argue that the program is unsustainable and that it will eventually go bankrupt. Others argue that the program is vital to the economic security of millions of Americans.
Conclusion
The Social Security Act is a complex and important law that has a major impact on the lives of millions of Americans. The program has been amended numerous times over the years, and it is likely that it will continue to be debated for many years to come.
Social Security Act-ENTIRE (Current through P.L. 118–120, Enacted November 25, 2024)
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