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Main Finance Terms social security

social security



benefits provided under the Social Security Act (1935), financed by thesocial security taxauthorized by theFederal Insurance Contributions Act (FICA), and administered by the Social Security Administration. Term usually refers to retirement income benefits, but other benefits includesocial security disability income insurance- Aid to Families with Dependent Children (AFDC)- the Food Stamp program- Unemployment Insurance- Medicare- Medicaid- Public Assistance for the Aged, Blind and Disabled- Veterans' Compensation and Pensions- Housing Subsidies and Public Housing- Nutritional Programs for Children- and Student Aid.


Referring Terms:
Federal Insurance Contributions Act (FICA)


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social security