INTRODUCTION times, “the only thing that’s constant is


            Growing up I use to hear my elders say, “Girl, when you finish your studies, you need to work until you reach social security age.” I recall thinking what in the world is social security age?  In 1935 Franklin Delano Roosevelt signed an act, now known as the Social Security Act. A federal-state program of unemployment compensation and a federal program of old-age retirement insurance was the two social insurance programs established under this act. The original Social Security Act of 1935 covered only workers in commercial and industrial occupations, but since then several major amendments have increased the categories of persons eligible for benefits (“Social Security History,” n.d.).  

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            The most important social program in the country is consider by many to be Social Security. Come December and January of every year, everyone but mostly seniors are glued to news media outlets to hear about changes (if any) to Social Security. There has almost for years been a cost of living adjustment increase to the monthly benefits of Social Security payments and 2018 is no different.

            For those individuals that work they are required to pay a percentage of their earned income up to a limit into Social Security. Beginning in early 2018 more people will be paying a higher tax due to changes and based on one’s wages. Changes in the wage base are determined by the national wage growth (Hamer, 2018).

            One major change in Social Security happening in 2018 is the full retirement age. If born between 1943 and 1954, one must wait until they are 66 to receive 100% of their monthly benefit. If born in 1956, full retirement age is now 66 and 4 months and if born in 1955, full retirement age is 66 and 2 months. A reduced monthly benefit is given if one starts receiving social security at age 62 (“Social Security History,” n.d.) .

            With the price of everything rising it is not uncommon for one to work and receive social security at the same time, but there is an earning limit for those receiving social security benefits before full retirement age. This limit is due to increase (“Social Security History,” n.d.).

            With all that is going on in one’s personal life, within the cities, counties, states and nation, social security is always a current topic. With a new year upon us, this article describes the changes happening with the social security program. It has been said many times, “the only thing that’s constant is change, so once we figure out how to expect such changes, we can anticipate them fittingly. The main two key points of this article are the cost of living adjustment and the full retirement age change.


            This article on Social Security relates to this week’s discussion of government-mandated benefits. Financial security is a general human issue, incorporating the manners by which an individual or a family accommodates some affirmation of pay when an individual is either excessively old or excessively incapacitated, making it impossible to work, when a family provider dies, or when a worker faces automatic joblessness. The requirement for social protection wound up noticeably with the Industrial Revolution. The first program was intended to pay retirement benefits just at age 65 and just to the secured worker. Advantages were figured in view of the aggregate combined wages that a worker had in secured work. The Social Security framework with which we are recognizable today is far not quite the same as the one made in 1935. In each of the three noteworthy policymaking areas (coverage, benefits, and financing), the program has experienced a moderate yet sensational advancement. Most workers are qualified for Social Security benefits, however not all. Benefits depend on a person’s average earnings amid a lifetime of work under the Social Security system. Social Security is a main basis of retirement salary for 62% of current retiree (“Social Security History,” n.d.). s. Some of the Major Social Security legislation is see in the table below:


Date enacted

Major features

The Social Security Act

August 14, 1935

Established individual retirement benefits.

The 1939 amendments

August 10, 1939

Added dependents and survivors benefits and made benefits more generous for early participants. Financing at issue.

The 1958 amendments

August 28, 1958

Added benefits for dependents of disabled beneficiaries.

The 1967 amendments

January 2, 1968

Added disabled widow(er)s benefits.

Omnibus Budget Reconciliation Act of 1981

August 13, 1981

Eliminated student benefits after high school.

Senior Citizens Freedom to Work Act of 2000

April 7, 2000

Eliminated the retirement earnings test for those at the full retirement age.

Patient Access and Medicare Protection Act

December 28, 2015

To improve
  payments for complex rehabilitation technology and certain radiation
    therapy services.

(“Social Security History,” n.d.)

            This article also references the changes coming to wealthier workers, additional security to the website, social security going digital and the adjustments to disability thresholds. For wealthier workers, they will be required to pay a 12.4% payroll tax into the system but their employer usually picks up half of the tab. The Social Security Administration predicts that approximately 12 million people will pay higher taxes beginning January 1, 2018 (“United States Social Security Administration,” n.d.).

            For some people, logging into the Social Security website can be stressful. The website is bringing additional security features. Account holders will notice two-factor authentication to access personal information which is entering a one-time code in addition to a username and password. Also in or around April 2018, the debut of the new Medicare cards without social security number printed on them. The New card will contain a complex combination of letters and numbers to better protect personal information.

            Back in 2017, the Social Security Administration sent out an announcement that they will officially terminate paper statements to everyone under the age of 60 due to cutbacks. So if anyone wants or needs to check they earnings history they will have to create an online account to be able to get the information. Also people who receive Social Security Disability Insurance benefits will be able to report their wages online through their account (“United States Social Security Administration,” n.d.).

            For years people viewed Social Security just for retirees. That’s not so. Almost 14 million people according to the Social Security Administration qualify for monthly disability payments. A change is also happening for people who receive disability benefits with an increase in monthly earnings. 2018 looks to be a year for improvements to the disability program (“United States Social Security Administration,” n.d.).


            After reading this article, if one is able to continue working after their full retirement age, I recommend during so because the money you make will likely boost their Social Security benefit payment. Also, people who work after retirement often remain more active and socially connected, which can mean better overall health and fewer medical issues. Working part-time can give you a sense of being part of something without being tied to a career and long hours. Employers reading this article would see the importance of hiring retirees by finding it cost effective to utilize boomers, seniors and even “retirees” on a part-time or project assignment basis. Temp firms have been using this resource successfully for years. Employers usually do not have to pay benefits so hiring from this age demographic is a win-win for both as older workers often have less of a need for benefits than they did when they were younger and raising a family.