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The following are facts about FICA, commonly known as Social Security, in the United States: * August 14, 1935: Signed into law by President F. D. Roosevelt. * January 1937: First payments made which were a one-time, lump-sum payment. * January 31, 1940: Ida Fuller became the first person to receive a monthly payment, which began for her at $22.54. (Worth today $518.58) * October 1950: The first cost of Living increase was made. * July 1, 1966: Medicare first began. 8* July 1975: The first automatic COLA increases began. * December 8, 2003: The prescription drug benefit began. * January 1, 2006: Medicare Part D, began. NOTE: Thanks to AARP Bulletin, May/June 2025 for all of the above information.