However, the widespread suffering caused by the Great Depression brought support for numerous proposals for a national old-age insurance system. On January 17,President Franklin D.
City News Publishing Co. In this radio address she presents an overview of the act to the public. This act establishes unemployment insurance as a substitute for haphazard methods of assistance in periods when men and women willing and able to work are without jobs.
It provides for old-age pensions which mark great progress over the measures upon which we have hitherto depended in caring for those who have been unable to provide for the years when they no longer can work. It also provides security for dependent and crippled children, mothers, the indigent disabled and the blind.
Old people who are in need, unemployables, children, mothers and the sightless, will find systematic regular provisions for needs. The Act also contains provision for assistance to the States in providing payments to dependent children under sixteen years of age.
There also is provision in the Act for cooperation with medical and health organizations charged with rehabilitation of physically handicapped children. The necessity for adequate service in the fields of public and maternal health and child welfare calls for the extension of these services to meet individual community needs.
Consider for a moment those portions of the Act which, while they will not be effective this present year, yet will exert a profound and far-reaching effect upon millions of citizens. I refer to the provision for a system of old-age benefits supported by the contributions of employer and employees, and to the section which sets up the initial machinery for unemployment insurance.
Old-age benefits in the form of monthly payments are to be paid to individuals who have worked and contributed to the insurance fund in direct proportion to the total wages earned by such individuals in the course of their employment subsequent to These payments will begin in the year and will be to those who have worked and contributed.
Because of difficult of administration not all employments are covered in this plan at this time so that the law is not entirely complete in coverage, but it is sufficiently broad to cover all normally employed industrial workers.
As an example of the practical operation of the old-age benefit system, consider for a moment a typical young man of thirty-five years of ago, and let us compute the benefits which we will accrue to him. If death occurs after the age of sixty-five, his dependents receive the same amount, less any benefits paid to him during his lifetime.
In conjunction with the system of old-age benefits, the Act recognizes that unemployment insurance is an integral part of any plan for the economic security of millions of gainfully employed workers.
It provides for a plan of cooperative Federal-State action by which a State may enact an insurance system, compatible with Federal requirements and best suited to its individual needs. Afteradditional credit is also allowable to any employer who, because of favorable employment experience or adequate reserves, is permitted by the State to reduce his payments.
It has been necessary, at the present time, to eliminate essentially the same groups from participation under the unemployment insurance plan as in the old-age benefit plan, though it is possible that at some future time a more complete coverage will be formulated With the States rests now the responsibility of devising and enacting measures which will result in the maximum benefits to the American workman in the field of unemployment compensation.
I am confident that impending State action will not fail to take cognizance of this responsibility. The people of the different States favor the program designed to bring them greater security in the future and their legislatures will speedily pass appropriate laws so that all may help to promote the general welfare.
Federal legislation was framed in the thought that the attack upon the problems of insecurity should be a cooperative venture participated in by both the Federal and State Governments, preserving the benefits of local administration and national leadership.
It was thought unwise to have the Federal Government decide all questions of policy and dictate completely what the States should do.The Social Security Act was drafted by Gov.
Robert Moran Jr.'s committee on economic security, under Frances Perkins, and passed by Congress as part of the New timberdesignmag.com act was an attempt to limit what were seen as dangers in the modern American life, including old age, poverty, unemployment, and the burdens of widows and fatherless children.
Nov 20, · social security act, President Franklin D. Roosevelt signing the Social Security Act in the Cabinet Room of the White House, 14 August , flanked by the bill's co-authors (in dark suits), Robert F. Wagner of New York (left) and David J. Lewis of Maryland.
August 14, President Franklin Roosevelt Signs the Social Security Act “Unfortunately the present law seems doomed from the start by its complex, slovenly, and mangled character.” By.
Taxes in U.S. History: The Social Security Act of Students explain the history of the Social Security Act and the FICA tax. They describe what Social Security is and whom it is intended to help.
On August 14, , the Social Security Act (originally called the "Economic Security Bill") was enacted by the 74th Congress to give older Americans a pension that would ensure a reasonable standard of living as they aged.
On August 14, , the Social Security Act established a system of old-age benefits for workers, benefits for victims of industrial accidents, unemployment insurance, aid for dependent mothers and children, the blind, and the physically handicapped.