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History


(Late 60s and 70s)-----(The 80s)----- (The 90s)----- (2000 - 2009)----- (2010 - Present)

Late 60s and 70s
July 1,
1968
  • Social Security program was established.
1969
  • Coverage extended to agricultural workers and self-employed with employees.
1972
  • Earnings Test enacted.
July 1,
1973
  • Increased quarterly taxable wage from $750 to $900.
  • Coverage extended to self-employed with no employees provided annual business gross revenues
    are over $10,000.
  • Temporary workers covered.
  • Members of religious organizations covered.
July 1,
1974
  • Disability program established.
  • Extension of surviving child's benefits beyond age 21 if disabled or incompetent.
  • Increased monthly benefits by 25% with minimum from $10 to $20.
July 1,
1975
  • Increased benefits by 20% with minimum from $20 to $24.
July 1,
1976
  • Increased quarterly taxable wage from $900 to $1,200 and tax rate from 1% to 1.5%
    (employee's share plus a matching 1.5% from employer).
  • Increased quarterly earnings test from $100 to $200.
  • Changed benefit formula and general increase in benefits with a minimum of $26.40.
Jan. 1,
1977
  • Spouse's share increased from 50% to 60% and children's share from 10% to 15%.

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