The Daily Alaska empire., 1945-08-13
SOCIAL SECURITY
 HAS ANNIVERSARY ON AUGUST 14TH
Far Reaching Legislation Signed 10 Years
 Ago by FOR

1Il huEuoJ II, bllC oOOAoA AvJ Act is to be 10 years old. according to an announcement made by Hugh U. Wade, Territorial Director for the Social Security Board in AL aska
 President Roosevelt. 10 years ago, signed this far-reaching legisla- tion which provides retirement benefits for workers and their families, insurance payments for the survivors of wage earn6rs. fin ancial assistance to the needy aged and dependent children, and assist ance to states in administering un- employment insurance.
 Tn Alaska, the Social Security Board has full responsibility for one of the programs and works in partnership with the Territory in three of the others, which is a fact not frequently understood" MT. Wade explained.
 There are two insurance pro- grams. One known ps federal old age and survivors insurance which is administered under straight fed- eral operation; and unemployment compensation, which is operated by the Territory with federal coll Liberation.
 Then, there are two programs of public assistance-aid to de- pendent children and old-age as- sistance- which are also operated by the Territory with federal par ticipation in financing" continued MT. Wade.
 Old-Age Insurance
 Though the present provisions for family wide protection under old age and survivors insurance are only about four and one-half years old, this insurance system is ex- pected eventually to pick up the bulk of the load now carried through public assistance. This first nation wide system of federal family insurance is really just be- ginning to make it's effect felt in our social and economic set-up," MT. Wade stated.
 Nationally, benefits were being paid at the end of June 1945 to approximately one and quarter million persons at rate in excess of $250, 0,000,000 8 year. More than 65 per cent of the beneficiaries drawing this insurance were wo- men and children.
 Unemployment Compensation
 While unemployment compensa- tion payments have been at low ebb during the defense and war periods, a total of $1,370,000 has been paid out in Alaska since bene- fit payments were started in Janu- ary 1889 up to January 1945. Bene- fit payments are slightly on the rise at the moment, due princi- pally to cut-backs, and . further i considerable increase is expected during reconversion.
 ! Alaska's unemployment compen- sation law provides protection for employees of firms in private in- dustry and commerce with as few as only one employee. Nationally, more than $2,00O,0 100000 has been paid in unemployment compensa- tion since the Social Security Act 1 was passed. No state was paying 1 benefits until that time and only six had passed unemployment com ipensation laws. Last year approxi- mately 44.OO0,OOO workers in the nation earned wage credits toward unemployment insurance. Public Assistance While the old-age and survivors insurance program has been ma turing, MT. Wade pointed out, the public assistance programs have outranked the combined insurance programs to date-both in volume of money payments and generally in the number of men, women and children aided. i With the Federal Government , sharing the expense, Alaska has broadened the scope of it's pro- gram and today people dependent upon public assistance are being | lContinued on Page Etgh)