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Topic: Social Security Act

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List of Social Security legislation (United States)

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	Social Security (United States) - Wikipedia, the free encyclopedia
		Social Security in the United States is a social insurance program funded through a dedicated payroll tax.
		As a result of these changes, the Social Security system began to generate a large surplus of funds, intended to cover the added retirement costs of the "boomers." Congress invested these surpluses into special series, non-marketable U.S. Government bonds which are held by the Social Security trust fund.
		The Social Security portion of this tax is 6.2% of the first $90,000 (in 2005) of an employee's income paid directly by the employer, and an additional 6.2% of the first $90,000 (in 2005) deducted from the employee's paycheck, yielding an effective rate of 12.4% of an employee's income.
	en.wikipedia.org /wiki/Social_Security_Act (3219 words)

	Privatizing Social Security: The $10 Trillion Opportunity
		Under the current Social Security system, each generation now and in the future loses the difference between the return to real capital that would be obtained in a funded system and the much lower return in the existing unfunded program.
		Social Security wealth has now grown to about $9 trillion or more than the total value of GDP, which is equivalent to more than $40,000 for every adult in the country.
		The Social Security rules are so complex and so opaque that many individuals may simply disregard the benefits that they earn from additional work and act as if the entire payroll tax is a net tax no different in kind from the personal income tax.
	www.cato.org /pubs/ssps/ssp7.html (3083 words)

	LII: Law about... Social Security (Site not responding. Last check: 2007-10-08)
		Unlike welfare, social security benefits are paid to an individual or his or her family at least in part on the basis of that person's employment record and prior contributions to the system.
		While the original act used Social Security in a broad sense and included federally funded welfare programs and unemployment compensation within its scope, current usage associates the phrase with old age, survivors, and disability insurance.
		While the Social Security Act (federal law) governs an applicant's right to benefits, state substantive law governs some of the family relationship issues that may bear on that right such as the validity of a marriage.
	www.law.cornell.edu /topics/social_security.html (299 words)

	U.S. Treasury - Fact Sheet on the History of the U.S. Tax System
		Though social policies sometimes governed the course of tax policy even in the early days of the Republic, the nature of these policies did not extend either to the collection of taxes so as to equalize incomes and wealth, or for the purpose of redistributing income or wealth.
		Another revenue act was passed in 1918, which hiked tax rates once again, this time raising the bottom rate to 6 percent and the top rate to 77 percent.
		Of course, the expansions of Social Security and the creation of Medicare and Medicaid required additional tax revenues, and thus the basic payroll tax was repeatedly increased over the years.
	www.treas.gov /education/fact-sheets/taxes/ustax.shtml (5631 words)

	President Portrays Social Security Shortfall as Enormous, But His Tax Cuts and Drug Benefit Will Cost, Rev 2/11/05
		The Social Security and Medicare Trustees, a majority of whom are members of the President’s cabinet, project that the Social Security shortfall will amount to 0.65 percent of the Gross Domestic Product (the basic measure of the size of the U.S. economy) over the next 75 years.
		Social Security’s shortfall is traditionally measured over 75 years, and a number of media outlets — including several of the nation’s most prestigious newspapers — reported the shortfall at $10 trillion or $11 trillion over 75 years.
		The present value of the Social Security shortfall over the next 75 years is the amount today that, with interest, would cover the shortfall over the 75-year period.
	www.cbpp.org /1-4-05socsec.htm (2196 words)

	NCWD/Youth -- Social Security Act
		Social Security Administration will evaluate the disability of an adult child (age 18 or older) who is applying for Social Security benefits for the first time, or who is being converted from a Social Security dependent child's benefit, by using adult disability criteria.
		To qualify for disability, an adult must have a physical or mental impairment, or combination of impairments, that is expected to keep him or her from doing any "substantial" work for at least a year or is expected to result in death.
		An individual must be receiving Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) and must have a disability for which medical improvement is not expected or possible; the individual must live in a state where Tickets are available.
	www.ncwd-youth.info /resources_&_Publications/disability_Legislation/ssa.shtml (606 words)

	Social Security Act 1989 (c. 24)
		Acts of Parliament printed from this website are printed under the superintendence and authority of the Controller of HMSO being the Queen's Printer of Acts of Parliament.
		It should be noted that the right to reproduce the text of Acts of Parliament does not extend to the Queen's Printer imprints which should be removed from any copies of the Act which are issued or made available to the public.
		Braille copies of this Act can also be purchased at the same price as the print edition by contacting TSO Customer Services on 0870 600 5522 or e-mail:customer.services@tso.co.uk.
	www.opsi.gov.uk /acts/acts1989/Ukpga_19890024_en_1.htm (477 words)

	Social Security Problems Not a Crisis, Most Say (washingtonpost.com)
		Most Americans are certain Social Security will go bankrupt but are not ready to embrace changes that would shore up the system's finances, according to two surveys by The Washington Post, the Henry J. Kaiser Family Foundation and Harvard University.
		A majority supports the president's proposal to allow Americans to invest part of their Social Security contributions in stocks or bonds, although opinions on this and other aspects of the president's plan frequently are weakly held and easily moved.
		Taken together, the polls found that the debate over Social Security reflects the sharp divisions of the presidential campaign, and that Bush enters the fight without a clear mandate on the issue.
	www.washingtonpost.com /wp-dyn/articles/A12231-2005Feb9.html (1029 words)

	ACA \| Social Security Fairness Act (Site not responding. Last check: 2007-10-08)
		The "surprise effect" is reinforced because the Social Security Administration sends affected public employees the same benefit projection notices it sends to all other American workers, without even a footnote that hints their benefits may be reduced.
		Social Security law prevents "dual entitlement"--or receipt of full Social Security and spousal benefits at the same time.
		The WEP was enacted in 1983 to prevent people with relatively high-compensated government service and relatively low-paying Social Security-covered employment from having their Social Security benefits determined under the more favorable formula used for retirees with the lowest Social Security earnings.
	www.counseling.org /Content/NavigationMenu/PUBLICPOLICY/HOTTOPICSLEGISLATIVEPRIORITIES/SOCIALSECURITYFAIRNESSACT/Social_Security_Fai.htm (710 words)

	usnews.com: The People's Vote: Social Security Act (1935)
		Unlike many European nations, U.S. social security "insurance" was supported from "contributions" in the form of taxes on individuals’ wages and employers’ payrolls rather than directly from Government funds.
		The Social Security Act authorized the Social Security Board to register citizens for benefits, to administer the contributions received by the Federal Government, and to send payments to recipients.
		Prior to Social Security, the elderly routinely faced the prospect of poverty upon retirement.
	www.usnews.com /usnews/documents/docpages/document_page68.htm (347 words)

	The Social Security Act
		Social Security as it would be recognized today did not actually come into being in America until 1935, but there was one significant predecessor, a social security program intended for a particular segment of the American population.
		A major advance occurred when the Social Security Administration was charged with providing healthcare to beneficiaries aged 65 or older, under the new Medicare Act signed into law by President Lyndon B. Johnson on July 30, 1965.
		In 1985, the Social Security Trust Funds were moved out of the federal budget, so that funds set aside for the Social Security system could be tracked separately from the rest of the budget.
	www.u-s-history.com /pages/h1609.html (979 words)

	Project on Social Security Choice
		In "The Personal Lockbox: A First Step on the Road to Social Security Reform," Michael Tanner, Cato's director of Project on Social Security Choice, explains why new legislative proposals are a first step on the road to reform.
		As President George W. Bush's 60-day Social Security tour comes to an end, the latest FOX News poll finds that a large minority of the public is unclear on the voluntary nature of his personal investment proposal.
		The Social Security Administration's Office of the Actuary says that a U.S. House bill based on Cato's Social Security reform plan would restore the program to long-term solvency.
	www.socialsecurity.org (1827 words)

	Social Security (Contributions) Act 1994
		An Act to increase primary Class 1 contributions payable under the Social Security Contributions and Benefits Act 1992; to correct the provisions as to the appropriate national health service allocation in the case of such contributions; to clarify what reliefs are to be taken into account in assessing Class 4 contributions; and for connected purposes.
		—(1) In section 8 of the [1992 c. 4.] Social Security Contributions and Benefits Act 1992 (calculation of primary Class 1 contributions), in subsection (2)(b) (by virtue of which the main primary percentage is 9 per cent.) for "9 per cent." substitute "10 per cent.".
		(3) The above amendments shall be deemed to have had effect as from the commencement of the 1992 Act; and corresponding amendments to section 134 of the [1975 c. 14.] Social Security Act 1975 shall be deemed to have had effect as from the commencement of section 1 of the [1989 c. 24.] Social Security Act 1989.
	www.hmso.gov.uk /acts/acts1994/Ukpga_19940001_en_1.htm (722 words)

	SOCIAL SECURITY FUND ACT (Site not responding. Last check: 2007-10-08)
		The State Social Security shall be implemented in compliance with Title III of the Labour Code of 1951, the Pensions Act and the Decree on encouragement of births.
		The budget of the "Social Security" Fund shall be the basic financial plan for raising and use of cash funds of the State Social Security and shall be separate from the state budget.
		The General Directorate "Social Security" with the Ministry of Labour and Social Welfare together with its regional divisions shall be transferred to the National Insurance Institute.
	www.bild.net /legislation/docs/7/lab6.html (3549 words)

	In Praise of Social Security, 70 Years Old
		But on the 70th anniversary of the signing of the Social Security Act into law, I choose to celebrate what it has meant to millions of Americans.
		There is no question that with fewer workers paying into Social Security compared with the benefits that will have to be paid out in coming years, a fix is in order.
		What a shame this administration, which says it is determined to "reform" Social Security and keep it solvent, didn't see fit to appropriately celebrate the anniversary of the passing into law of one of the most successful government programs in this country's history.
	www.washingtonpost.com /wp-dyn/content/article/2005/08/13/AR2005081300159_pf.html (868 words)

	Social Security Act of 1935
		There is hereby established a Social Security Board (in this Act referred to as the Board) to be composed of three members to be appointed by the President, by and with the advice and consent of the Senate.
		The Secretary of the Treasury, the Secretary of Labor, and the Social Security Board respectively, shall make and publish such rules and regulations, not inconsistent with this Act, as may be necessary to the efficient administration of the functions with which each is charged under this Act.
		If any provision of this Act, or the application thereof to any person or circumstance is held invalid, the remainder of the Act, and the application of such provision to other persons or circumstances shall not be affected thereby.
	www.nationalcenter.org /SocialSecurityAct.html (4442 words)

	The Amazing Disappearing Trust Fund (washingtonpost.com)
		Blogger Josh Marshall, who's been rallying the left on Social Security, has no doubt what Bush is saying: "We and many others had predicted that the president's angle here was to default on the Treasury bonds sitting in the Social Security Trust Fund.
		The only reason it's been socially acceptable to keep such a high, regressive tax on the books is that the system it was ostensibly keeping alive for the future returns money in a highly progressive way.
		In 2018, when the Social Security program goes into the red, the government will have to find more money to meet that debt, and its only options will be to raise taxes, cut spending or borrow massive amounts of money.
	www.washingtonpost.com /wp-dyn/articles/A16984-2005Feb11.html (3682 words)

	Social Security Act
		Francis Townsend claimed that Roosevelt's social security legislation was completely inadequate and in 1936 joined with Father Edward Coughlin and Gerald L. Smith to form the National Union of Social Justice.
		An oldage security bill was passed during his first administration which provides for workers who reach the age of 65 a pension of $8 a week at most.
		Roosevelt struck the most terrible blow at the security of the masses of the people while posing as the generous donor of "security for all." During the war boom and in the postwar boom created by spending 40 billion dollars a year the illusion of security is sustained.
	www.spartacus.schoolnet.co.uk /USARsocial.htm (894 words)

	Social Security Online
		Learn about Social Security's work incentives program for people with disabilities.
		Social Security announces the 2006 Cost of Living Adjustment
		Social Security Delivers the Most Popular Baby Names for 2004
	www.socialsecurity.gov (229 words)

	Social Security Act of 1965 - Wikipedia, the free encyclopedia
		The United States Social Security Act of 1965 established Medicare and Medicaid.
		It did so by 'liberating' the Social Security Trust Fund, changing its funding from a forced savings type of an account into a 'pay as you go' type of fund.
		This system has caused concerns about its long-term stability.
	en.wikipedia.org /wiki/Social_Security_Act_of_1965 (87 words)

	Dual Benefit Payments (Site not responding. Last check: 2007-10-08)
		Persons eligible for railroad retirement annuities who also qualify for social security benefits should be aware of the coordination between the railroad retirement and social security systems for the payment of dual benefits.
		Tier I benefits are, therefore, reduced by the amount of any actual social security benefit paid on the basis of nonrailroad employment, in order to prevent a duplication of benefits based on the same earnings.
		The reductions follow principles of social security law which, in effect, limit payment to the higher of any two or more benefits payable to an individual at one time.
	www.rrb.gov /pub_9712.html (1339 words)

	The Heritage Foundation: Social Security (Site not responding. Last check: 2007-10-08)
		Social Security can be helped by allowing workers to invest part of their payroll taxes in their own accounts while also removing barriers to saving...
		The annual report of the Social Security’s Trustees was released to the public March 23.
		Social Security personal retirement accounts would provide a vehicle for future generations to improve the rate of return on their Social Security taxes and to...
	www.heritage.org /socialsecurity (2502 words)

	NCPA Social Security - SMITH'S SOCIAL SECURITY SOLVENCY ACT (Site not responding. Last check: 2007-10-08)
		When fully phased-in, Social Security would once again become what it was originally intended to be: a safety net for those with low lifetime earnings or disabilities.
		Thus, non-Social Security spending would have to be cut and/or revenues increased by about 1 percent of GDP per year in order to keep the federal deficit on its current path.
		By the year 2015, however, the Social Security system would be running an annual surplus from the Smith plan over current projections, and by the year 2020 the surplus would be over $550 billion per year.
	www.ncpa.org /~ncpa/pi/congress/socsec/socsec16.html (482 words)

	The Social Security Network
		How Social Security is proving critical for victims of the storm, and why the response to the disaster underscores how we should be emulating rather than undermining the program and the kind of government it represents.
		The Basics: Social Security Reform, a popular source for reliable facts about the program and its future, presents the latest numbers on how the program works, who it affects, and the reform debate.
		The annual report of Social Security's trustees, including new official projections of the program's future financial status, is now available.
	www.socsec.org (430 words)

	SSA's Policy Information Site - POMS - About POMS (Site not responding. Last check: 2007-10-08)
		The POMS is a primary source of information used by Social Security employees to process claims for Social Security benefits.
		The public version of POMS is identical to the version used by Social Security employees except that it does not include internal data entry and sensitive content instructions.
		Further, by posting the POMS, SSA is not thereby limited from exercising its otherwise lawful prerogatives.
	policy.ssa.gov /poms.nsf/aboutpoms (241 words)

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