| From Classbrain.com|
The draft bill submitted by FDR differed in many interesting respects from the final Social Security Act which emerged from Congress in August 1935. For example, FDR had proposed a three-part program of old-age security consisting of: old-age welfare pensions; compulsory contributory social insurance (what we now think of as Social Security); and a third-tier which would consist of optional annuity certificates sold by the government to workers who, upon retirement, could convert the certificates to monthly annuities which would be used as supplements to their basic Social Security retirement benefit. This third program was among the features of the President's proposals which the Congress did not accept. Many other changes were made in the Administration's proposal.
Read the original FDR proposal for Social Security
See the Social Security Act as it is today.
Source: The Social Security Administration
© Copyright 2004 by Classbrain.com