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.
More information here: SSA Website
Army | Air Force | Coast Guard | Fire & Police | Government | Marines | Navy | National Guard
Home | Blog | Site Map | FAQ | Product Listing | Links
DUNS: 118972582 | CAGE: 3EF68 | TAX ID: 71-0883577
Email:
This email address is being protected from spambots. You need JavaScript enabled to view it.
Designed by the 
Copyright 2012 © Military Plaques. All rights reserved.