First U. S. wage earner to be registered for a Social Security Act pension at 65 was a 23-year-old Princeton graduate who remarked: "It's a long way off" (TIME, Dec. 14). Last week the first U. S. wage earner to apply for a pension was one Ernest Ackerman, for 33 years a motorman for Cleveland Railway Co., who became 65 on Jan. 2. His wages for Jan. 1, day the pension plan went into effect, were $4.96, of which he paid 5¢ as the Social Security tax. For his pension, he claimed 32% of...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!