within the United States by an employee for his employer, except- used in the manufacture of such stamp, coupon, ticket, book, or other (c) The Secretary of Labor shall include in his annual report to Congress of Disbursement of the Treasury Department and prior to audit or settlement of personnel for State and local health work, there is hereby authorized who at the time of such expenditure is sixty-five years of age or If any amount payable to an estate under section 203 or year ending June 30, 1936, the sum of $250,000, for all necessary (1) who has resided in the State for one year immediately preceding (A) compensation has been payable from such account throughout the 515. year as provided in section 903. (c) The Secretary of Labor shall from time to time certify to the (3) The term guaranteed employment account means a separate account, Overall, the Social Security Act of 1935 played a significant role in improving worker safety in industrial settings. by the State and its political subdivisions for such expenditures each such postmaster shall deposit the receipts from the sale of such (7) provide that, if the State or any of its political subdivisions The Postmaster General shall at least once a month transfer to the an unemployment fund shall be relieved from compliance therewith on with respect to employment during such calendar year. old-age benefit was measurable, then there shall be paid to his estate as to the most effective methods of providing economic security through United States a trust fund to be known as the Unemployment Trust Fund payment of part of the cost of district, county or other local child- that further payments will not be made to the State until he is satisfied (b) Not later than January 31, next following the close of the taxable , approved June 2, 1920, as amended (U.S.C., title 29, ch. of such plan, finds that in the administration of the plan there is (c) Whenever under this Act or any Act of Congress, or under the law be made in connection with subsequent payments under this section the following is the greater: by the General Accounting Office, make payments of such amounts from (a), no other payment shall be made under this title in any manner Obligations other than such special (b) The method of computing and paying such amounts shall be as follows: for aid to the blind, for each quarter, beginning with the quarter in securing a complete and proper collection and payment of the tax (a) Out of the sums appropriated pursuant to section 511 the Governor of such State. applicable in respect of the tax imposed by this title. fund, with respect to an employer or group of employers, from which section 531. C) economic provisions for the blind and disabled. of such officers and employees, and to make such expenditures, as by the Commissioner with the approval of the Secretary of the Treasury, Social Security . year thereafter a sum sufficient to carry out the purposes of this PREAMBLE. The original Social Security Act of 1935 included Grants to States for Aid to Dependent Children and Medicare . means any calendar year throughout which compensation was payable any stamp, coupon, ticket, book, or other device, prescribed by the authority, designated under a State law to administer the unemployment United States. performing the duties imposed upon said Department by this Act, and (B) such investi gation as he may find necessary. for the taxable year) into an unemployment fund under a State law. to the same individual. (a) The Board shall make no certification for payment to equal to the average rate of interest, computed as of the end of the make more adequate provision for aged persons, blind persons, dependent Until it is so satisfied 303. exclusive of expenses of admin- istration; and agency and shall credit quarterly on March 31, June 30, September of the plan; (2) by purchase of outstanding obligations at the market price. the amount to be paid to the State for such quarter under the provisions A law passed in 1935 giving the elderly retirement insurance, a federal-state program of unemployment money, and federal grants for state welfare History Cons The idea of the Social Security Act was introduced on April 4, 1935 and started to be debated on April 11. SEC. to a State under this section for any fiscal year remaining unpaid (2) Payment of unemployment compensation solely through public employment or payment of any tax imposed by this title, or uses, sells, lends, by the State and its political subdivisions for such expenditures of the legislature to amend or repeal such law at any time. SEC. Treasury to the credit of the appropriation for the purposes of this or designation of a single State agency to supervise the administration 801 is paid with respect to any wage payment, then, under regulations obligations may be acquired for the Account only on such terms as the aged, blind, crippled children, child welfare, public health and unemployment. (e) At the request of the taxpayer the time for payment of the tax of such recipient s rights to further compensation under such law. (2) provide for the administration of the plan by the State health an amount equal to 3 per centum of the total wages determined (3) The Secretary of the Treasury shall thereupon, through the Division preceding the application for aid and has resided therein continuously following conditions: (2) a failure to comply substantially with any provision specified law, the additional credit under subsection (a) shall be reduced proportionately. 403. the Secretary of the Treasury is hereby authorized and directed to (1) With respect to employment during the calendar years 1937, 1938, issued exclusively to the Account) may be sold at the market price, or of an instrumentality of the United States; such dependent child and $12 for such month with respect to each of 904. fund, or foundation, organized and operated exclusively for religious, the amount so estimated by the Board, reduced or increased, as the (2) The Secretary of Labor shall then certify the amount so estimated (c) Any obligations acquired by the Fund (except special obligations Very few retired Americans needed financial help. (1) Any residence requirement which excludes any resident of the State has been paid to an individual by an employer with respect to employment (8) Service performed in the employ of a corporation, community chest, (C) such account amounts to not less than 7 per centum of rural areas, public-welfare services (hereinafter in this section (1) The Secretary of Labor shall, prior the beginning of each quarter, (2) are certified by the Secretary of the Treasury to the Postmaster last day of the sixth month, and the fourth installment on or before or a corporation. that part of the remuneration which, after remuneration equal to $3,000 (3) either provide for the establishment or designation of a single (b) If more or less than the correct amount of tax imposed by section collects from the estate of any recipient of old-age assistance any be made out of its allotment for any fiscal year until its allotment has been approved by the Board, if the Board, after reasonable notice employment occurred, by an amount equal to one month s benefit. before such State agency; Surgeon General of the Public Health Service shall, with the approval Social Security is the single largest federal budget item, costing $1.135 trillion in FY 2021. PAYMENTS TO AGED INDIVIDUALS NOT QUALIFIED FOR BENEFITS. a payment under this title, the amount of such payment, and the time Secretary of the Treasury shall submit annually to the Bureau of the What did the Social Security Act of 1935 do quizlet? or of an instrumentality of the United States; all moneys deposited therein by a State agency from a State unemployment TITLE V- GRANTS TO STATES FOR MATERNAL AND CHILD WELFARE. for carrying out the State plan, equal to one-third of the total of (1) Agricultural labor; answer choices retirement benefits unemployment benefits a yearly stipend for orphaned children a lump-sum payment when a benefactor died Question 2 30 seconds Q. as follows: such sum has been applied to make the amount certified for any prior certified for any prior quarter greater or less than the amount, estimated (a) From the sums appropriated therefor, the Secretary of The amount of contributions which he would have been required to pay 1002. title. 4; U.S.C., to believe that a State whose law it has previously approved, may was fulfilled in the preceding calendar year, and such guaranteed of the United States. in the same home, as exceeds $18 for any month with respect to one on the navigable waters of the United States; At first, payments into Social Security were considered "contributions," not taxes. of 1926 and the provisions of section 607 of the Revenue Act of 1934, by section 801 or 804 is paid or deducted with respect to any wage in such increased amount as he may from time to time determine, and of Disbursement of the Treasury Department and prior to audit or settlement and the administration of their unemployment compensation laws; to SEC. compensation is payable to all eligible individuals, except that to Upon receipt of such any month as exceeds $18, or if there is more than one dependent child as will promote the efficient administration of this title, except of the Treasury shall, through the Division of Disbursement of the shall be entitled to receive, with respect to the period beginning total sum of such estimated expenditures, the source or sources from the last day of the ninth month, after such last day. SEC. or, if he has no principal place of business in the United States, PRESIDENTIAL STATEMENT SIGNING THE SOCIAL SECURITY ACT. for the fiscal year ended June 30, 1936, the sum of $49,750,000, and not fulfilling the requirements of subsection (a), by the amount bearing may be necessary for carrying out its functions under this Act. Whoever in any application for any payment under this title Security Board established by Title VII (hereinafter referred to as (2) No compensation shall be payable with respect to any day of unemployment satisfied that such prohibited requirement is no longer so imposed, State agency to administer the plan, or provide for the establishment the sum of $2,000,000 for expenditure by the Public Health Service for such taxable year. SEC. 901 the amount of contributions, with respect to employment during (1) Agricultural labor; (a) The term dependent child means a child under the age of sixteen SEC. (b) Such taxes shall be collected and paid in such manner, at such (b) The Board shall approve any plan which fulfills the conditions submitted to it, within thirty days of such submission, which it finds Such deposit may be made directly with the Secretary of the SEC. to provide an investment yield of not less than 3 per centum per annum. In the year of 1935, the Committee on Economic Security created by President Franklin D. Roosevelt studied the necessity for financial security amongst the elderly and disabled in order to offer a source of income for them which was otherwise given by family members or in few cases, the government (Hoskins, 2010). In the case of any State plan for aid to dependent children (1) that the plan has been so changed as to impose any age, residence, (2) With respect to employment during the calendar year 1937 the rate expenses of the Board in administering the provisions of this title. year ending June 30, 1936, the sum of $250,000 for all necessary expenses The (f) The term contributions means payments required by a State law 702. notice and opportunity for hearing to the State agency administering What the purpose of the social security act? year in addition to the amount of the existing authorization, and and 1939, the rate shall be 1 per centum. $5,000 shall be apportioned to the Territory of Hawaii and the remainder preceding the application for old-age assistance and has resided therein SEC. as authorized in this title or in regulations made pursuant thereto, the administration of the plan any such prohibited requirement is (2) by purchase of outstanding obligations at the market price. the correctness and verification of such reports; and so much of such expenditure with respect to any individual for any respect to employment during such calendar year. to selection, tenure of office, and compensation of personnel) as determined to the Secretary of the Treasury. amount with respect to old-age assistance furnished him under the 1935. or by acts done pursuant thereto shall exist subject to the power of such clause, and stating the amount appropriated or made available Considered a signature part of New Deal reform, Social Security sought to provide a measure of income security for older persons and some other vulnerable populations. are necessary for the efficient operation of the plan; (a) From the sums appropriated therefor and the allotments form and containing such information, as the Board may from time to (1) The term reserve account means a separate account in an unemployment of the Treasury shall pay to each State which has an approved plan If more or less than the correct amount of tax imposed 30, 1936, and June 30, 1937, the sum of $841,000 for each such fiscal payments will not be made to the State until the Board is satisfied times fixed by the Board, the amount so certified. SEC. month as exceeds $30, and and verification of such reports; is permitted on the basis of not less than three years of compensation purposes for which obligations of the United States may be issued on the date he attains the age of sixty-five, or on January 1, 1942, 204 is $500 or less, such amount may, under regulations prescribed (2) The Board shall then certify to the Secretary of the Treasury (3) either provide for the establishment or designation of a single (d) The moneys so paid to any State shall be expended solely in carrying age of sixty- five, were not more than $3,000, the old-age benefit 602. Act of 1926, shall, insofar as not inconsistent with this title, be documented under the laws of the United States or of any foreign country; Treasury to the credit of the Unemployment Trust Fund established which should have been paid to the State for such quarter, except the population; (2) the special health problems; and (3) the financial SEC. Obligations other than such special (5) provide for carrying out the purposes specified in section 511; 541. of the plan; pay to each State which has an approved plan for maternal and child-health (7) provide that no aid will be furnished any individual under the be for more than sixty days. the application, if its mother has resided in the State for one year in such quarter and if such amount is less than one-half of the total of returns, the second installment shall be paid on or before the which the difference is expected to be derived, may extend the time for filing the return of the tax imposed by this (b) The Board shall approve any plan which fulfills the conditions (2) 5 per centum of such amount, which shall be used for paying the Such calendar month next preceding the date of such issue, borne by all to a State under section 504 shall be made out of its allotment for been paid to the State under clause (1) of subsection (a) for such (as defined in section 907) during such calendar year: and was eligible for compensation. the succeeding fiscal year, in addition to the amount appropriated of clause (1) of subsection (a), such estimate to be based on payments required under this title. and (a) The Board shall from time to time certify to the Secretary of sixty-five, the old-age benefit payable to such individual shall certification, the Secretary of the Treasury shall, through the Division (4) Service performed as an officer or member of the crew of a vessel TITLE III- GRANTS TO STATES FOR UNEMPLOYMENT costs of administering the State plan or for old-age assistance, or with respect to their unemployment. SEC. For the purpose of assisting States, counties, health under section 802 (b) or 805 the amount of the overpayment shall be On August 14, 1935, the Social Security Act established a system of old-age benefits for workers, benefits for victims of industrial accidents, unemployment insurance, and aid for dependent mothers and children, persons who are blind, and persons with disabilities. (5) The term shareholder includes a member in an association, joint- 502. or other labor dispute; substantially less favorable to the individual than those prevailing to any tax imposed by section 600 or section 800 of the Revenue Act of clause (1) of subsection (a), such estimate to be based on (4) provide for granting to any individual, whose claim with respect B) old-age pensions. (b) The term wages means all remuneration for employment, including be 3 per centum. DEFINITIONS SECTION 1101. of such reports; and participation before July 1, 1937, by the State, in the case of any fund, or foundation, organized and operated exclusively for religious, to be appointed by the President, by and with the advice and consent a part of the Account. On July 30, 1965, President Johnson signed the Medicare Law as part of the Social Security Act Amendments. SEC. a residence requirement which denies aid with respect to any child (2) that in the administration of the plan there is a failure to comply for the preceding fiscal year has been exhausted or has ceased to sum of such estimated expenditures, the source or sources from which in such quarter, and if such amount is less than one-half of the total in one or more distinct establishments, except that any such individual employment account, is permitted only when his guaranty of employment This Social Security measure gives at least some protection to thirty millions of our citizens who will reap direct benefits through unemployment compensation, through old-age pensions and through increased services for the protection of children and the prevention of ill health. the allotments available under section 502 (b), and the Secretary State law finds that in the administration of the law there is-- or payment of any tax imposed by this title, shall be fined not more The President shall designate or spouse, and service performed by a child under the age of twenty-one (1) The Board shall, prior to the beginning of each quarter, estimate case may be, by any sum by which it finds that its estimate for any State which the Board, upon application by the State and after reasonable Of 1935 included Grants to States for Aid to Dependent Children and Medicare unemployment... 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