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The American social security system (1949) comprehensive old overview. Burns, Eveline M. Toward Social Security: An Explanation of the Social Security Act and a Survey of the Larger Issues (1936) online; Davies, Gareth, and Martha Derthick. "Race and social welfare policy: The Social Security Act of 1935." Political Science Quarterly 112.2 ...
Under § 215 of the Social Security Act (42 USCS 415), old-age insurance benefits are computed on the basis of the wage earner's "average monthly wage" earned during their "benefit computation years," which are the "elapsed years" (reduced by five) during which their covered wages were highest. Under the pre-1972 version, the computation for ...
1950 - Social Security Amendments of 1950, Pub. L. 81–734; 1952 - Social Security Amendments of 1952, Pub. L. 82–590; 1954 - Social Security Amendments of 1954, Pub. L. 83–761; 1956 - Social Security Amendments of 1956, Pub. L. 84–880; 1958 - Social Security Amendments of 1958, Pub. L. 85–840
When retired women apply for Social Security benefits, they receive smaller monthly checks. ... because your Social Security benefit is based on your earnings history. ... But add one zero-income ...
A separate analysis from the Center on Budget and Policy Priorities found that the poverty rate for adults aged 65 and above would be nearly four times higher if Social Security didn't exist -- 10 ...
"In essence, this money has been stolen from all of us for all these years," said an 84-year-old woman whose late husband's Social Security benefits were slashed. "It's not fair."
Each calendar year, the wages of each covered worker [a] up to the Social Security Wage Base (SSWB) are recorded along with the calendar by the Social Security Administration. If a worker has 35 or fewer years of earnings, then the Average Indexed Monthly Earnings is the numerical average of those 35 years of covered wages; with zeros used to ...
Federal legislation to protect workers’ retirement savings was signed into law in 1974: the Employee Retirement Income Security Act, or ERISA. It's having a midlife crisis.