What was the retirement age for Social Security in 1935?
The Social Security Act, signed into law on August 14, 1935, established the official full retirement age at 65 for workers to receive federal old-age benefits. While this marked a significant step in U.S. social welfare history, the first monthly payments wouldn't be issued until 1940, and the program's provisions were notably different from today's system. This was a pragmatic choice influenced by existing state pensions and the railroad retirement system.