USA HISTORY

Detailed explanation-1: -Benefits. After attaining the age of 60 yrs, beneficiaries are entitled to receive minimum monthly assured pension of Rs.3000/-. On death of the beneficiary, spouse is eligible for 50% monthly pension. If husband and wife, both joins the scheme, they are eligible for Rs. 6000/-monthly pension jointly.

Detailed explanation-2: -The Social Security Act passed in 1935 and provided direct aid for the destitute elderly and a pension program for many, but far from all, workers. It also provided federal funding for state-operated unemployment insurance programs, as well as aid for the handicapped and for mothers with dependent children.