Social Security Amendments of 1977

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The Social Security Amendments of 1977 were U.S. federal legislation that overhauled the Social Security benefit formula and financing to correct prior calculation errors and improve the program’s long-term solvency.

All labels observed (1)

Label Occurrences
Social Security Amendments of 1977 canonical 1

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf United States federal statute ⓘ
social security legislation ⓘ
addressed projected exhaustion of Social Security Trust Funds ⓘ
affects Social Security beneficiaries ⓘ
workers covered by Social Security ⓘ
affectsProgram Old-Age, Survivors, and Disability Insurance ⓘ
linked to: Social Security

Social Security disability benefits ⓘ
Social Security retirement benefits ⓘ
Social Security survivors benefits ⓘ
aimedTo correct Social Security benefit calculation errors ⓘ
improve long-term solvency of Social Security ⓘ
stabilize Social Security Trust Funds ⓘ
appliesToJurisdiction United States ⓘ
changed Social Security benefit formula ⓘ
Social Security payroll tax schedule ⓘ
Social Security taxable wage base ⓘ
componentOf history of Social Security reform in the United States ⓘ
corrected double-indexing problem in benefit calculations ⓘ
overly generous automatic benefit increases created by 1972 amendments ⓘ
country United States ⓘ
field public finance ⓘ
retirement policy ⓘ
social insurance ⓘ
followedBy Social Security Amendments of 1983 ⓘ
follows Social Security Amendments of 1972 ⓘ
hasEffectOn Social Security replacement rates ⓘ
Social Security trust fund balances ⓘ
distribution of Social Security benefits across earnings levels ⓘ
implementedBy Social Security Administration ⓘ
introduced bend points in Social Security benefit formula ⓘ
revised wage-indexed benefit formula ⓘ
legalArea retirement income security law ⓘ
social welfare law ⓘ
legislativeBody United States Congress ⓘ
objective reduce long-term Social Security financing shortfall ⓘ
restore actuarial balance to Social Security ⓘ
partOf United States Social Security program ⓘ
precededBy Social Security Amendments of 1972 ⓘ
presidentAtEnactment Jimmy Carter ⓘ
resultedIn higher maximum taxable earnings for Social Security ⓘ
higher payroll tax rates over time ⓘ
lower replacement rates for some future retirees compared with prior law ⓘ
signedBy Jimmy Carter ⓘ
topic Social Security financing crisis of the 1970s ⓘ
usesIndexation price indexing for post-entitlement cost-of-living adjustments ⓘ
wage indexing for initial benefit computation ⓘ

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Social Security Act amendments → notableAmendment → Social Security Amendments of 1977 ⓘ