social security system
Definition
Government program aimed at providing basic needs to citizens who are retired, unemployed, or unemployable due to a disability or disadvantage. It is funded usually by mandatory payroll contributions (typically 5 to 8 percent of a paycheck) from both the employees and the employers, and from the government's tax revenue.
social security system is in the Economics, Politics, & Society subject.
social security system appears in the definition of the following term: Social Security Number (SSN)
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