Social Insurance
/ˈsoʊʃəl ɪnˈʃʊrəns/
Definitions
- (n.) A government-mandated program providing financial support to individuals for risks such as unemployment, disability, or retirement.
Social insurance programs help protect workers against loss of income due to unemployment.
- (n.) A system of compulsory contributions to a public fund enabling members to receive benefits in times of need.
Employees contribute to social insurance funds as part of their payroll deductions.
Forms
- social insurance
- social insurances
Related terms
See also
Commentary
Social insurance typically involves compulsory contributions and is legally distinct from discretionary social assistance programs.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.