On this day ,,,12/16



1981 – The U.S. Congress restored the $122 minimum monthly social security benefit for current recipients

December 16, 1981 President Reagan promulgated Executive Order 12335, which established the National Commission on Social Security Reform. The Commission was created as a result of the continuing deterioration of the financial position of the Old-Age and Survivors Trust Fund and to made recommendations to assure the financial integrity of the Social Security System.