Briefing Book
Background Material

Social Security, Past, Present, ... and Future?

August 14, 1935
President Franklin Roosevelt signs the Social Security Act.
August 10, 1939
Social Security Act is amended to provide benefits to spouses, minor children and survivors of workers who die prematurely.
January 31, 1940
Ida Mae Fuller receives the first monthly retirement check ($22.54).
August 28, 1950
President Harry Truman signs the first increase in Social Security benefits.
August 1, 1956
Eligibility age for women workers lowered to 62.
Social Security Act is amended to provide benefits to disabled workers 50-64 and disabled adult children.
June 30, 1961
Social Security Act is amended to lower the eligibility age for male workers to 62.
July 1, 1972
Social Security Act is amended to provide cost of living adjustments (COLAs).
August 14, 1994
President Bill Clinton signs the Social Security Independence and Program Improvements Act, which establishes the Social Security Administration as an independent agency.
March 29, 1996
Presdent Clinton signs the Contract with America Advancement Act, which tightens eligibility for disability benefits.
1999 ?
2004 ?
2010 ?

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