Must be administered by the government
Robert J. Myers 56, Chief Actuary, Social Security Administration, “Social Security,” Journal of the American Association of University Teachers of Insurance, vol. 23, no. 1, [American Risk and Insurance Association, Wiley], 1956, pp. 170–175
The operations of the various social security programs in the United States dealing with long-term risks continued their upward trend during 1955. The operations of the short-term risks programs, of course, will fluctuate from year to year. This review of the year 1955 first gives the major legislative developments at both Federal and State levels and then gives general details of the operating experience. For these purposes, the term "social security" includes all governmentally administered programs except those established specifically for government employees. Not included, however, are the various workmen's compensation programs since these are so largely administered by insurance companies and are reviewed elsewhere.