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Social Security - 4 dictionary results
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social security

 
Use Social Security in a Sentence
–noun
1. (usually initial capital letters) a program of old-age, unemployment, health, disability, and survivors insurance maintained by the U.S. federal government through compulsory payments by specific employer and employee groups.
2. the theory or practice of providing economic security and social welfare for the individual through government programs maintained by moneys from public taxation.
Origin:
1930–35
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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social security  
n.  
  1. often Social Security Abbr. SS A government program that provides economic assistance to persons faced with unemployment, disability, or agedness, financed by assessment of employers and employees.
  2. The economic assistance provided by social security.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Social Security

A U.S. federal benefits program developed in 1935. The program includes retirement benefits, disability income, veteran's pension, public housing, and even the food stamp program.

Investopedia Commentary

The funding for social security is done through a tax levied equally on employers and employees.

Related Links

Supplementing Your Retirement Income with IRAs
Introductory Tour through Retirement Plans
Determining Your Post-Work Income
Fundamentals Of A Successful Savings Program

See also: Canadian Pension Plan, Pension Plan

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Main Entry: social security
Function: noun
1 : the principle or practice or a program of public provision (as through social insurance or assistance) for the economic security and social welfare of the individual and his or her family; especially often cap both Ss : a U.S. government program established in 1935 to include old-age and survivors insurance, contributions to state unemployment insurance, and old-age assistance
2 : money paid out through a social security program social security> —see also Social Security Act in the IMPORTANT LAWS section social security administration in the IMPORTANT AGENCIES section
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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