Can A Divorced Person Collect Social Security From Their Ex?
By 1977, it was clear Social Security was in monetary peril. An modification was passed changing the benefit qualification formula for people born after 1917. Other amendments have been also handed together with rising the payroll tax and slightly lowering advantages to help minimize costs, leaving some beneficiaries with much less cash throughout tough economic instances. After much debate, Congress passed the Social Security Act to offer benefits to retirees based mostly on their earnings historical past and on August 14, 1935, Roosevelt signed it into regulation.
The main stipulation of the unique Social Security Act was to pay monetary advantages to retirees over age sixty five based mostly on lifetime payroll tax contributions. The Act also established the Social Security Board, which later turned the Social Security Administration, to structure the Social Security Act and determine the logistics of … Read MoreRead More »