Social Security Facts:
· The Social Security act was signed by FDR on August 14, 1935.
· Ernest Ackerman was the first recipient of Social Security benefits. He received a
one –time lump sum payout of 17 cents.
· FICA stands for the Federal Insurance Contributions Act.
· Social Security numbers were first issued in 1936. To date, over 415 million
different numbers have been issued.
· When someone dies his or her Social Security number is NOT reused. The ninedigit
Social Security number allows for approximately 1 billion possible
combinations. At this point there is no need to recycle numbers.