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Social Security Reform Explained

Social Security Reform

Various Social Security reform measures have been adopted since the program was first put into effect with the signing of the Social Security Act by President Franklin D. Roosevelt in 1935. In this regard, the earliest systemic changes took place with Social Security reform enacted in the 1939 period in order to carry out a Social Security increase program felt to be more closely suited to the financial needs of people at that time. The most recent change, as of 2010, which was enacted for Social Security reform took place with the adoption of a Social Security increase for 2009.

In regard to the most recent Social Security increase, a Social Security increase for 2009 was announced by the government’s Social Security office in 2008 which would increase the amount of benefits available to eligible Americans by 5.8% in terms of checks paid out to the 55 million Americans then included in the overall program.

The adoption of this Social Security reform measure was noted by the government press release issued on this occasion as representing the most substantial Social Security increase which had taken place since a 1982 social security increase. Amendments toward the end of Social Security program, prior to the specific Social Security increase for 2009, took place through the 1950s to the 1980s.

For one, 1960s-era social security increase provisions were not just for the amount of funds dispensed to plan beneficiaries, but also to the eligible part of the U.S. population, as could after that includes more female employees.

NEXT: Quick Overview On Social Security Information

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