Social Security

Definition - What does Social Security mean?

Social security is a program governed by the federal government. It is particularly aimed at assisting employees and their families after retirement, in case of any mishap at workplace, or a disability.

Justipedia explains Social Security

This federally governed program is funded by taxes paid by both the employers and employees. Social security is slightly different than welfare. Social security helps employees and their dependants based upon that person’s employment history and social contribution.

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