Term of the Day Monday, February 18, 2019
Social Security
Definition
The comprehensive federal program of benefits providing workers and their dependents with retirement income, disability income, and other payments. The Social security tax is used to pay for the program.
Use Social Security in a sentence
“ We suggested that the client not rely on the social security benefits for retirement and instead plan and save extensively. ”
“ He knew my social security number and that was not good because that meant he could steal my identity if he wanted to. ”
“ After working at various jobs for over 40 years and paying my taxes I was recently able to retire and begin receiving monthly social security payments from the government. ”
