News: Abbotsford - Social Security Act Launched (19 Nov 1936)
Transcriber: Robert Lipprandt
bob@wiclarkcountyhistory.org
----Source: The Tribune-Phonograph (Abbotsford, WI) 11/21/2018
Originally published in the Abbotsford Tribune, Thursday, November 19, 1936
Social Security forms were distributed Tuesday to employers in Abbotsford. These
must be fill n and returned by November 21.
This data the government is seeking from about 5,000,000 business
establishments. Questions include: name of business, description, address,
number of employed, etc.
November 24, employees will receive through employers, forms know as
“application for account number.” On return of these to the post office,
employee will receive the number of his social security account - a card similar
to an insurance card.
Briefly, the Act calls for a one percent tax paid by both employer and employee
each month, starting with the January 1, 1937 payroll.
These taxes increase one-half percent every three years until in 1949, and
thereafter they will be three percent for each employer and employee. Incomes up
to $3,000 are taxable.
Before a person can be pensioned, two stipulations must be met: He must have
earned at least $2,000 between this December 31 and his 65th birthday.
He must have worked in five different calendar years from January 1, until that
birthday. Minimum pension is $10 and maximum is $85.
Should a person retire at 65 and then return to work from time to time, the
pension check will be held up for each month in which he receives wages from an
employment covered by the law.
© Every submission is protected by the Digital Millennium Copyright Act of 1998.
Show your appreciation of this freely provided information by not copying it to any other site without our permission.
Become a Clark County History Buff
|
|
A site created and
maintained by the Clark County History Buffs
Webmasters: Leon Konieczny, Tanya Paschke, Janet & Stan Schwarze, James W. Sternitzky,
|