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Social Security Act of 1935; Other short titles: Social Security Act: Long title: An Act to provide for the general welfare by establishing a system of Federal old-age benefits, and by enabling the several States to make more adequate provision for aged persons, dependent and crippled children, maternal and child welfare, public health, and the administration of their unemployment laws; to ...
The debate on this proposal was heated and widespread, and lasted over six months. Beginning with a set of decisions in March, April, and May, 1937 (including the Social Security Act cases), the Court would sustain a series of New Deal legislation. [30] Two Supreme Court rulings affirmed the constitutionality of the Social Security Act.
However, the Social Security Act does not accept that a claimant "holding out as husband or wife" should be entitled of Survivor, Retirement or Widow(er)s benefits, when the claimant's "husband or wife" dies. [175] SSA rules and regulations about marital status either prohibit (SRDI program) or reduce (SSI program) benefits to indigent claimants.
John F. Kennedy. In 1961, JFK amended Social Security to allow workers to opt for early retirement at age 62 — but only men. The amendments also increased the minimum monthly benefit and the ...
1967 - Social Security Act Amendments, Pub. L. 90–248 1969 - Tax Reform Act of 1969 , Pub. L. 91–172 1971 - Social Security Amendments, Pub. L. 92–5
3. The wage cap for Social Security taxes is going up. Social Security is funded primarily by payroll taxes. Each year, there's a wage cap set that dictates how much income gets taxed for Social ...
The Social Security Administration was established by the Social Security Act of 1935 and is codified in 42 U.S.C. § 901 (49 Stat. 635). It was created in 1935 as the "Social Security Board", then assumed its present name in 1946. Its current leader is Carolyn Colvin (acting).
Section 201 of the Social Security Act requires that the money in the trust funds be invested in interest-bearing debt securities issued and guaranteed by the federal government known as U.S ...