The historical Social Security Act was signed into law by President Franklin D. Roosevelt on August 14, 1935. In January 1937, the government started collecting taxes and the first one-time, lump-sum payments were made. It wasn’t until 1940 that retirees started receiving regular monthly payments.
Initially, only the primary worker received benefits. A 1939 law added survivor’s benefits and benefits for the retiree’s spouse and children. Finally, in 1956, disability benefits were added.
Ida Fuller was the first recipient of the monthly social Security Benefits in 1940, and so much as changed since then!
As recently as 2015, the U.S. Supreme Court issued a decision in Obergefell v. Hodges, holding that same sex couples have a constitutional right to marry in all states and have their marriage recognized by other states. This decision made it possible for more same-sex couples and their families to benefit from Social Security programs.
Social Security has supported many individuals and families with monthly income, including a small death benefit of $255.00 (if certain requirements are met).
How does Social Security work?
Your election for Social Security Retirement Benefits requires thoughtful consideration and should not be taken lightly. There are also special rules that apply to spousal benefits, divorced spouses, survivor benefits, taxability of benefits, and how working affects your Social Security benefits.
More information can be found online at SSA.gov or by calling 800-772-1213. In person meetings with SSA can be hard to schedule and often long wait times are necessary.
Please consult legal or tax professionals for specific information regarding your individual situation.
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