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QUESTION IMAGE

what did the social security act of 1935 do? paid employers for letting…

Question

what did the social security act of 1935 do?
paid employers for letting people retire
set up a fund for retired americans
required retirees to continue to work
encouraged the organization of labor unions

Explanation:

Brief Explanations

The Social Security Act of 1935 established a federal old-age insurance program, creating a funded system that provides retirement benefits to eligible workers, funded through payroll taxes. The other options are incorrect: it did not pay employers for retirements, force retirees to work, or focus on labor union organization.

Answer:

set up a fund for retired Americans