social security
social security
Definition
☆ social security
noun
- any system by which a group provides for those of its members who may be in need
- 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 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.
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