Hand Carved from Solid Mahogany, Hand Painted & Hand Finished
Over 1" in depth with superbly detailed carving
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The
United States Social Security Administration (or SSA) manages the
United States' social insurance program, consisting of retirement, disability,
and survivors' benefits. To qualify for these benefits, most American workers
pay Social Security taxes on their earnings; future benefits are based on the
employees' contributions.
The SSA began existence as the Social Security Board (SSB), created as part of
the New Deal program of President Franklin D. Roosevelt, by the Social Security
Act of 1935. The Board consisted of three presidentially appointed executives,
and started with no budget, no staff, and no furniture. It obtained a temporary
budget from the Federal Emergency Relief Administration headed by Harry Hopkins.
In 1939, the Social Security Board was merged into a cabinet-level Federal
Security Agency, which included the SSB, the U.S. Public Health Service, the
Civilian Conservation Corps, and other agencies.
The first person to receive a Social Security benefit was Ernest Ackerman, who
was paid 17 cents in January 1937. This was a one-time, lump-sum pay-out--which
was the only form of benefits paid during the start-up period January 1937
through December 1939.The first person to receive monthly retirement benefits
was Ida Mae Fuller of Vermont.
In 1946 the SSB was renamed the Social Security Administration under President
Harry S. Truman's Reorganization Plan.
In 1972 Cost of Living Adjustments (COLAs) were introduced into SSA programs to
deal with the effects of inflation on fixed incomes.
In 1953 the Federal Security Agency was abolished and the SSA was placed under
the Department of Health, Education, and Welfare. HEW became the Department of
Health and Human Services in 1980. In 1994, President Bill Clinton signed
legislation returning the SSA to the status of an independent agency.
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