Social Security Act of 1935

Social Security Act of 1935

The Social Security Act (42 U.S.C.A. § 301 et seq.), designed to assist in the maintenance of the financial well-being of eligible persons, was enacted in 1935 as part of President franklin d. roosevelt's New Deal.

In the United States, Social Security did not exist on the federal level until the passage of the Social Security Act of 1935. This statute provided for a federal program of old-age retirement benefits and a joint federal-state venture of Unemployment Compensation. In addition, it dispensed federal funds to aid the development at the state level of such programs as vocational rehabilitation, public health services, and child welfare services, along with assistance to the elderly and the handicapped. The act instituted a system of mandatory old-age insurance, issuing benefits in proportion to the previous earnings of persons over sixty-five and establishing a reserve fund financed through the imposition of payroll taxes on employers and employees. The original levy was 1 percent, but the rate has increased over the years. Only employees in industrial and commercial occupations were eligible for protection under the Social Security Act of 1935, but numerous important amendments have expanded the categories of coverage.



West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
The Social Security Act of 1935 established a safety net that grew to aid the elderly, unemployed, poor, disabled, veterans, and others.
The Securities and Exchange Commission was established in 1934 to regulate Wall Street in an effort to prevent future depressions, and the Social Security Act of 1935, part of the New Deal, provided income to Americans who were too old to work and unemployment payments to those who had lost their jobs.
The Social Security Act of 1935 created the program that we're all familiar with, plus three new programs that entitled state governments to matching payments for state-run programs: OldAge Assistance, Aid to Dependent Children, and Aid to the Blind.
Under The Social Security Act of 1935, various emergency recovery programs were brought into a unified program in order to prevent a recurrence of the severe economic dependency of the depression.18
As explained above, the term "insurance" was not initially used in describing the Social Security Act of 1935. It was not until after the constitutional challenge that the term began to be widely used.
In the 1980s and 1990s, many in the United States viewed askance that portion of the Social Security Act of 1935 which assisted needy families.
The Social Security Act of 1935, which did plenty to transform America, received support from 96 percent of House Democrats and 81 percent of House Republicans.
Starting with the Social Security Act of 1935, continuing with the burst of activity in the 1960s, and on from there, we have made great progress.
The structure of today's unemployment insurance programs was first defined by the Social Security Act of 1935. This act established a uniform national tax on payrolls of industrial and commercial employers that met certain employment criteria.
The granddaddy of them all, the Social Security Act of 1935, won the support of a majority of Republicans in both the House and Senate.
It includes a detailed introduction to the topic; a summary of key laws and regulations from the Social Security Act of 1935 through the early-21st century; a chronology of significant events in the history of welfare law and government policy; a glossary of terms, acronyms, and relevant historical phrases; guidelines for researching welfare and welfare reform; a thematically-organized annotated bibliography; and a list of private and public organizations concentrating on the field of welfare.

Full browser ?