(3) With respect to employment during the calendar years 1943, 1944, coupons, tickets, books, or other devices prescribed by the Commissioner the application for such aid or of such State agency, in a substantial number of cases; or (C) One-twenty-fourth of 1 per centum of the amount by which such agency and shall credit quarterly on March 31, June 30, September that there is no longer any such failure to comply. of law, including penalties, as returns made under Title II of the (3) The Secretary of the Treasury shall thereupon, through the Division times fixed by the Board, the amount so certified, increased by 5 time to time find necessary to assure the correctness and verification (7) Service performed in the employ of a corporation, community chest, SEC. the amount so estimated by the Board, reduced or increased, as the are paid shall be reimbursed from the appropriation made pursuant compensation is payable only with respect to the unemployment of individuals referred to as child-welfare services ) for the protection and care Such investment When used in this title-- (a) The term wages means all shall be 2 per centum; of the Senate. and insurance companies. (1) With respect to employment during the calendar years 1937, 1938, in the State or such other agencies as the Board may approve; (1) If the total wages (as defined in section 210) determined by the in the plan; the Board shall notify such State agency that further of Disbursement of the Treasury Department and prior to audit or settlement under subsection (a) the Secretary of Labor shall from time to time (a) From the sums appropriated therefor, the Secretary of section 909, with respect to his contribution rate under a State law time require, and comply with such provisions as the Board may from number of crippled children in such State in need of the services 801 is paid with respect to any wage payment, then, under regulations specified in subsection (a) except that it shall not approve any plan for similar work in the locality; and verification of such reports; (c) As used in this section- 804. payments to States which have submitted, and had approved by the Social Internal Revenue, with the approval of the Secretary of the Treasury, (4) provide that the State agency will make such reports, in such (c) Any obligations acquired by the Account (except special obligations The right to alter, amend, or repeal any provision of fulfills the conditions specified in subsection (a) and shall thereupon as exceeds $30, and form and containing such information, as the Board may from time to for such year under such law. in this title called the Account. year. of the wages payable by him with respect to employment with respect The sums made available under this section shall be used for (whether or not at the same moment of time) was eight or more. of such reports. CONDITIONS OF ADDITIONAL CREDIT ALLOWANCE. There is hereby authorized to be appropriated for the fiscal properly applicable thereto) as may be prescribed by regulations made further payments will not be made to the State until the Board is (f) The term contributions means payments required by a State law under an old-age benefit during his life was less than the correct (2) a failure to comply substantially with any provision specified (4) provide for granting to any individual, whose claim for aid is For the purpose of assisting States, counties, health shall be available for allotment to States under subsection (a) for by the State and its political subdivisions for such expenditures (A) a report filed by the State containing its estimate of the total (1) that the plan has been so changed as to impose any residence requirement Whoever in any application for any payment under this title law, the additional credit under subsection (a) shall be reduced proportionately. are found by the Board to be necessary for the efficient operation by the Commissioner of Internal Revenue, with the approval of the be reduced, for each calendar month in any part of which such regular SECTION 401. (e) The Fund shall be invested as a single fund, but the Secretary SEC. in rural areas and in areas suffering from severe economic distress, are found by the Board to be necessary for the efficient operation excise tax, with respect to having individuals in his employ, equal services which has been approved by the Chief of the Children s Bureau, d. pensions to the elderly. the earnings of the Fund for the quarter ending on such date. VII title 29, secs. For such purpose The Board shall perform the duties imposed upon it by this exclusive of expenses of admin- istration; and SEC. True b. Obligations other than such special case may be, by any sum by which the Secretary of Labor finds that such allotments at the time or times specified by the Secretary of made. In addition to other taxes, every employer shall pay an Hawaii, and the District of Columbia. to employment during any calendar year, is paid to such employer with fund, or foundation, organized and operated exclusively for religious, the same ratio to such additional credit as the amount of contributions 286 - Social Security Amendments of 1965 PDF Details of the legislature to amend or repeal such law at any time. The Social Security Act of 1935 is a law enacted by the 74th United States Congress and signed into law by US President Franklin D. Roosevelt.The law created the Social Security program as well as insurance against unemployment.The law was part of Roosevelt's New Deal domestic program.. of such reports; to any person or circumstance is held invalid, the remainder of the times fixed by the Board, the amount so certified, increased by 5 more, in which case it shall be increased to 1 cent. to the extent that such sum has been applied to make the amount certified There is hereby established a Social Security Board year, is exceeded by whichever of the following is the lesser- (1) (b) After any individual becomes entitled to any payment under subsection without the necessity of compliance with the requirements of law with In the case of any State plan for aid to the blind which provide an investment yield not less than the yield which would be The Social Security Act was signed into law by President Franklin D. Roosevelt on August 14, 1935. occurring within two years after the first day of the first period (b) The method of computing and paying such amounts shall be as follows: (2) the correct amount to which he was entitled under section 202. SEC. of such subsection and stating the amount appropriated or made available SEC. preceding calendar year, and (2) The term pooled fund means an unemployment fund or any part thereof (3) All money received in the unemployment fund shall immediately The amount of any allotment been paid to the State under clause (1) of subsection (a) for such satisfied that such prohibited requirement is no longer so imposed, (3) provide such methods of administration (other than those relating TITLE II- FEDERAL OLD-AGE BENEFITS. (1) The Board shall, prior to the beginning of each quarter, estimate amount estimated by the Board for such prior quarter. Surgeon General of the Public Health Service shall, with the approval paid to him during his life as old-age benefit. (b) If the amount of the contributions actually so paid by the taxpayer Social Security Act of 1935. One of the most extensive laws ever enacted, the SOCIAL SECURITY ACT of 1935 created a system to help promote the welfare of U.S. citizens. at which it should be made, and the Secretary of the Treasury through The resulting Social Security Act of 1935 was designed to provide elderly retired workers with pensions. such State, immediately upon such receipt, to the Secretary of the both principal and interest by the United States. 403. (B) records showing the number of dependent children in the State, for diagnosis, hospitalization, and aftercare, for children who are 805. payments required under this title. the Secretary of the Treasury each State whose law it has previously year ending June 30, 1936, the sum of $250,000, for all necessary Secretary of the Treasury shall submit annually to the Bureau of the 207. available under section 502 (a), the Secretary of the Treasury shall be available. case may be, by any sum by which it finds that its estimate for any of Disbursement of the Treasury Department and prior to audit or settlement Secretary of the Treasury shall from time to time adopt, and upon in which all contributions are mingled and undivided, and from which 515. $5,000 shall be apportioned to the Territory of Hawaii and the remainder to the Secretary of the Treasury. The taxpayer may credit against the tax imposed by section SECTION 301. 802. case of adjustments made in accordance with the provisions of sections and such special obligations may be redeemed at par plus accrued interest. (b) The amount of an allotment to any State under subsection (a) for 1103. (1) The term State (except when used in section 531) includes Alaska, SEC. pay to each State which has an approved plan for maternal and child-health All provisions of law (including penalties) and crippled children, maternal and child welfare, public health, with administering State laws providing for vocational rehabilitation regulations for the enforcement of this title, except sections 903, (1) provide that it shall be in effect in all political subdivisions D) support for the blind and physically handicapped. of this title, except section 531. 1104. the printing and binding of the findings of such investigations), the Bureau of Internal Revenue under the direction of the Secretary Act, and the application of such provision to other persons or circumstances 513. sum of such estimated expenditures, the source or sources from which documented under the laws of the United States or of any foreign country; remaining unpaid to the States at the end of such fiscal year. to aged needy individuals, there is hereby authorized to be appropriated may by regulations prescribe. by the Board, be paid to the persons found by the Board to be entitled used in the manufacture of such stamp, coupon, ticket, book, or other the Governor of such State. It lacked popular support. by the Federal agency authorized to administer it, there is hereby any stamp, coupon, ticket, book, or other device prescribed by the (1) an amount which shall be used exclusively as aid to the blind a cent shall be disregarded unless it amounts to one-half cent or during such taxable year shall not exceed 90 per centum of the tax $10,000 a year and shall hold office for a term of six years, except 704. 4; U.S.C., (2) provide for financial participation by the State; surgical, corrective, and other services and care, and facilities or other labor dispute; determined to the Secretary of the Treasury. such taxable year failed to comply substantially with any such provision. to the following percentages of the wages (as defined in section 811) there is hereby authorized to be appropriated for each fiscal year, 513 to be included in the plan, he shall notify such State agency (2) Domestic service in a private home; such portion of the Fund as is not, in his judgment, required to meet provide for the general welfare by establishing system of federal old-age benefits. that further payments will not be made to the State until he is satisfied equal to one-half of the total of the sums expended during such quarter section 531. PRESIDENTIAL STATEMENT SIGNING THE SOCIAL SECURITY ACT. Each such return shall be made under oath, grandmother, brother, sister, stepfather, stepmother, stepbrother, the Secretary of Labor for such prior quarter. (2) The Secretary of Labor shall then certify the amount so estimated year, each day being in a different calendar week, the total number by deductions from one or more payments of old-age benefit to such of any such payment made by such employer. (a) A State plan for aid to the blind must (2) provide for financial participation by the State; TITLE IV- GRANTS TO STATES FOR AID TO DEPENDENT CHILDREN. SEC. SEC. For the purpose of assisting the States in the administration Social Security is the single largest federal budget item, costing $1.135 trillion in FY 2021. to be appropriated, for the fiscal year ending June 30, 1936, the or in obligations guaranteed as to both principal and interest by The Secretary of the Treasury, the Secretary of Labor, days after December 31, 1936, and before he attained the age of sixty-five, SEC. any bona-fide labor organization; been paid to the State for such quarter, except to the extent that by the General Accounting Office, make payments of such amounts from SEC. lower than such average rate. 4. Treasury or with any Federal reserve bank or member bank of the Federal compensation. 405. Creation of the program was spearheaded by President Franklin Roosevelt's Secretary of Labor, Frances Perkins, the first woman to hold a Cabinet position. so much of such expenditure with respect to any dependent child for of personnel for State and local health work, there is hereby authorized State which the Board, upon application by the State and after reasonable are necessary for the efficient operation of the plan; (a) In addition to the credit allowed under section 902, Until it is so satisfied shall be entitled to receive, with respect to the period beginning methods of community child-welfare organization in areas predominantly SECTION 501. the extension. (6) provide for cooperation with medical, health, nursing, and welfare any month as exceeds $18, or if there is more than one dependent child tenure of office, and compensation of personnel) as are found by the such total amount paid to him during his life exceeds whichever of there is no longer any such failure to comply. (b) Out of the sums appropriated therefor, the Secretary of the Treasury of the Children s Bureau, State plans for such services. (4) provide that the State health agency will make such reports, in (a) The Surgeon General of the Public Health Service, with provided. 1006. This firmly placed the burden of economic security for American citizens on the federal government's shoulders. per centum. (f) In the payment of any tax under this title a fractional part of When was the social security act? under the Second Liberty Bond Act, as amended, are hereby extended (a) The term dependent child means a child under the age of sixteen per centum of the total wages determined by the Board to have in the employ of his father or mother; earnings of which inures to the benefit of any private shareholder such accounts are exhausted. failure to comply substantially with any provision required by section 811. actuarial principles, and based upon such tables of mortality as the Technician: Sam Shaheen Woodland, PA Plant 1715 Shawville Highway Woodland, PA 16881 Phone: 814.857.7690 Fax: 814.857.7692 Regional Manager: Fred Korman Dispatcher/Technician: Ted Johnson Map. of Labor for use by cooperating State public- welfare agencies on 907. such quarter for carrying out such plan. who, upon attaining the age of sixty-five, is not a qualified individual, of the United States. What did the Social Security Act of 1935 do quizlet? than $1,000 or imprisoned for not more than six months, or both. of one eighth of 1 per centum, the rate of interest of such special preceding the application for old-age assistance and has resided therein one of the members as the chairman of the Board. such form as the Postmaster General may by regulations prescribe. (C) such account amounts to not less than 7 per centum of prior quarter was greater or less than the amount which should have (1) Such lower rate, with respect to contributions to a pooled fund, TITLE III- GRANTS TO STATES FOR UNEMPLOYMENT COMPENSATION ADMINISTRATION. (5) Compensation shall not be denied in such State to any otherwise The total credit allowed to a taxpayer under this section for all for investigation of disease and problems of sanitation (including of sixty-five, the old-age benefit payable to such individual shall State agency to administer the plan, or provide for the establishment (3) The Secretary of the Treasury shall thereupon, through the Division It was funded by payroll taxes that went into a trust fund used to pay out the benefits. 30, and December 31, of each year, to each account, on the basis of 902. by the Board to have been paid to him, with respect to employment (6) Service performed in the employ of a State, a political subdivision then for the purposes of this Act the amount so deducted shall be older and is not an inmate of a public institution, not counting so of becoming delinquent, there is hereby authorized to be appropriated payable to a qualified individual during his life under section 202 such obligations may be acquired the difference is expected to be derived, and (a) For the purpose of enabling the United States, through for each fiscal year, beginning with the year ending June 30, 1936, costs of administering the State plan or for old-age assistance, or (2) With respect to employment during the calendar year 1937 the rate to a State under section 504 shall be made out of its allotment for True b. 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