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social security Definition

☆ social security

noun

  1. any system by which a group provides for those of its members who may be in need
  2. in the U.S., a federal system of old-age, unemployment, or disability insurance for various categories of employed and dependent persons, financed by a fund maintained jointly by employees, employers, and the government

social security Synonyms

social security

n.

social insurance, old age insurance, disability insurance, unemployment insurance, the dole, social security payments, social security system, retirement; see also welfare 2.

Social Security Finance Definition
A federal program, created under the Social Security Act of 1935, that is designed to provide some financial support to retirees. The program is paid for from a Social Security tax that is deducted from employees’ paychecks as well as from contributions made by employers. The paycheck deductions show up as FICA, which stands for the Federal Insurance Contributors Act.
Social Security Law Definition

n

A federal program established by the Social Security Act in 1935 in response to the Great Depression, it is a form of universal insurance contributed to by all workers and administered by the Social Security Administration that distributes benefits to retired workers when they be come eligible, by virtue of age or disability, and to survivors. The act also gives assistance in the form of aid to families with dependent children.
social security Usage Examples

Preposition: for

  • worker: She has also been at the forefront of pushing for equal entitlement to social security for non-EU workers.