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TeachMeFinance.com - explain Advisory Council On Social Security Advisory Council On Social Security The term 'Advisory Council On Social Security ' as it applies to the area of Medicare in the United States can be defined as ' Prior to the enactment of the Social Security Independence and Program Improvements Act of 1994 (Public Law 103-296) on August 15, 1994, the Social Security Act required the appointment of an Advisory Council every 4 years to study and review the financial status of the OASDI and Medicare programs. The most recent Advisory Council was appointed on June 9, 1994, and its report on the financial status of the OASDI program was submitted on January 6, 1997. Under the provisions of Public Law 103-296, this is the last Advisory Council to be appointed'. Previous 5 Terms: Adverse Weather Conditions ADVIS Advisory Advisory Committee for Trade Policy and Negotiations (ACTPN) Advisory Council on Historic Preservation (ACHP) Next 5 Terms: ADVN advocacy and support groups Advocate ADVY adzebill About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.