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Social Security Administration (SSA).  Social security is a social insurance program providing social protection, or protection against socially recognized.

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Presentation on theme: "Social Security Administration (SSA).  Social security is a social insurance program providing social protection, or protection against socially recognized."— Presentation transcript:

1 Social Security Administration (SSA)

2  Social security is a social insurance program providing social protection, or protection against socially recognized conditions, such as…  poverty,  old age,  disability,  Unemployment  Social Security is funded out of payroll taxes.

3  President Roosevelt became the first president to advocate the protection of the elderly.  President Roosevelt signed the Social Security Act into law on August 14, 1935.  The program began by making sum payments to retirees until 1940, when monthly benefit payments began. President Roosevelt

4  In the United States, the Great Depression of the 1930s caused high unemployment and economic stress nationwide,.  This lead President Franklin D. Roosevelt to announce in 1934 his intention to provide a Social Security program.

5  Drafted by Gov. Robert Moran Jr.'s committee on economic security, under Frances Perkins, and passed by Congress as part of the New Deal.  OASDI (Old Age, Survivors, and Disability Insurance) or RSDI (Retirement, Survivors, and Disability Insurance).  Social Security covered unemployment insurance as well.

6  Federal Old Age, Survivors, and Disability Insurance  Unemployment benefits  Temporary Assistance for Needy Families  Health Insurance for Aged and Disabled (Medicare)  Grants to States for Medical Assistance Programs (Medicaid  State Children’s Health Insurance Program (SCHIP)  Supplemental Security Income (SSI) Established during the late 1800’s

7  Amendments to the Social Security Act in 1939 provided for survivor and dependent benefits.  In 2004, more than 47 million Americans received approximately US $492 billion in Social Security benefits.

8  Social Security along with many other programs are in use to help people who are poor, old, disabled, or unemployed.

9  http://aroundthesphere.files.wordpress.com/2009/0 5/social_security_626_article.jpg http://aroundthesphere.files.wordpress.com/2009/0 5/social_security_626_article.jpg  http://www.dce.k12.wi.us/srhigh/socialstudies/histd ay/images/BookCovers/big/GreatDepression.jpg http://www.dce.k12.wi.us/srhigh/socialstudies/histd ay/images/BookCovers/big/GreatDepression.jpg  http://perotcharts.com/images/socialsecurity/socials ecurity02.png http://perotcharts.com/images/socialsecurity/socials ecurity02.png  http://blog.kir.com/archives/medicare.jpg http://blog.kir.com/archives/medicare.jpg  http://assets.aarp.org/rgcenter/econ/graphics/dd79 _socsec_2.gif http://assets.aarp.org/rgcenter/econ/graphics/dd79 _socsec_2.gif  http://www.cbpp.org/images/cms/5-11-07health- f2.jpg http://www.cbpp.org/images/cms/5-11-07health- f2.jpg


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