In 1939, the Social Security Board merged into a cupboard-degree Federal Security Agency, which included the SSB, the U.S. Public Health Service, the Civilian Conservation Corps, and different businesses. In January 1940, the first common ongoing month-to-month benefits began. In 1946, the SSB was renamed the Social Security Administration beneath President Harry S. Truman’s Reorganization Plan.
The Social Security program was established in 1935 to offer retirement earnings for sure U.S. employees. It was later expanded to cowl many of the workforce. Today it stays America’s pension plan and the monetary lifeline many people use to remain afloat in their old age.
In 1972, Cost of Living Adjustments (COLAs) have been launched into SSA packages to deal with the consequences of inflation on fixed incomes. The Social Security Administration assigns Social Security numbers, and administers the Social Security retirement, survivors, and incapacity insurance applications. They also administer the Supplemental Security Income program for the aged, blind, and disabled. The quickest approach to attain them is to name their primary … Read More