Economic News 1936

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updated: 2018-06-20
Undated
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1935-1936

NOTICE
Deductions from Pay Start Jan. 1
 
Beginning January 1, 1937, your employer will be compelled by law
to deduct a certain amount from your wages every pay day.  This is
in compliance with the terms of the [Socialist Insecurity] Act,
sponsored and signed by President Roosevelt, August 14, 1935.
 
The deduction begins with 1% and increases until it reaches 3%.
 
There is no guarantee that the fund thus collected will ever be
returned to you.  What happens to the money is up to each congress.
No benefits of any kind before 1942.
 
This is NOT a voluntary plan.  Your employer MUST make
this deduction.
Regulations are published by the [Socialist Insecurity] Board,
Washington, DC.
[Poster from the Socialist Insecurity Board, a facsimile of which was obtained from a history museum in Kansas.]
 
 
 

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