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Important Changes
In Social Security
Changes in the social security law, signed by President Kennedy June 30, took effect August 1. More than four million persons are estimated to benefit from the revisions.
Included in the changes, which the President called “financially sound and socially, responsible,” are provisions:
1. Increasing the minimum benefit to $40.
2. Increasing widows’ benefits by 10 percent.
3. Lowering the amount o f work-credits needed to become eligible for benefits.
4. Making old-age benefits available to men at age 62.
The House Committee on Ways and Means, reporting on t h e amendments to the social security law, had said, “The provision of benefits at age 62 for men will help to alleviate the hardships faced by that group of m«i who,
68.8%