Longman Dictionary of Contemporary English
Wiktionary
n. 1 A system whereby the state either through general or specific taxation provides various benefits to help ensure the wellbeing of its citizens. 2 Those benefits paid under such a system. 3 (context US English) A specific such social benefit providing income in retirement or disability.
Wikipedia
Social Security may refer to:
- Social security, the general concept of being secure in society from want and the systems to ensure this (including a list of various social security systems around the world)
- Social Security System (Philippines)
- South African Social Security Agency, an agency of the South African government
- Department of Social Security, an agency of the United Kingdom government
- Social Security (United States), the United States retirement/disability program
- Social Security (play), a play by Andrew Bergman
In the United States, Social Security is primarily the Old-Age, Survivors, and Disability Insurance (OASDI) federal program. The original Social Security Act was signed into law by President Franklin Roosevelt in 1935, and the current version of the Act, as amended, encompasses several social welfare and social insurance programs.
Social Security is funded through payroll taxes called Federal Insurance Contributions Act tax (FICA) or Self Employed Contributions Act Tax (SECA). Tax deposits are collected by the Internal Revenue Service (IRS) and are formally entrusted to the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, or the Federal Supplementary Medical Insurance Trust Fund which make up the Social Security Trust Funds. With a few exceptions, all salaried income, up to an amount specifically determined by law (see tax rate table below) has a FICA or SECA tax collected on it. All income over said amount is not taxed. For 2015 the maximum amount of taxable earnings was $118,500.
With few exceptions, all legal residents working in the United States now have an individual Social Security number. Indeed, nearly all working (and many non-working) residents since Social Security's 1935 inception have had a Social Security number because it is required to do a wide range of things, e.g. paying the IRS and getting a job.
In 2013, the total Social Security expenditures were $1.3 trillion, 8.4% of the $16.3 trillion GNP (2013) and 37% of the federal expenditures of $3.684 trillion. Income derived from Social Security is currently estimated to keep roughly 20% of all Americans, age 65 or older, above the federally defined poverty level. The Social Security Administration is headquartered in Woodlawn, Maryland, just west of Baltimore.
Social Security is a play by Andrew Bergman.
It focuses on trendy Manhattan art gallery owners Barbara and David Kahn, whose life is upended when her Mineola housewife sister Trudy deposits their eccentric mother Sophie on the couple's doorstep while she and her husband Martin head to Buffalo to rescue their sexually precocious college student daughter from a menage a trois with two men. Barbara and David introduce Sophie to suave nonagenarian artist Maurice Koenig, who offers to paint her portrait and soon begins to brighten her life in ways she never expected in her twilight years.
After twenty-six previews, the Broadway production, directed by Mike Nichols, opened on April 17, 1986 at the Ethel Barrymore Theatre, where it ran for 388 performances. The cast included Marlo Thomas as Barbara, Ron Silver as David, Joanna Gleason as Trudy, Olympia Dukakis as Sophie, Stefan Schnabel as Maurice, and Kenneth Welsh as Martin. Later in the run, Marilu Henner and Cliff Gorman assumed the roles of Barbara and David. Valerie Harper was originally hired to replace Marlo Thomas, but Harper quit during rehearsals and was replaced by Henner.
Drama Desk Awards went to Gleason for Outstanding Featured Actress in a Play and Tony Walton for Outstanding Set Design.
Usage examples of "social security".
And if the first mass-produced Triggers are built by TRW and installed in the White House basement, the Pentagon courtyard, Air Force One, and the Social Security Data Center, so what?
He'd made it sound as if she were almost ready to file for Social Security.
I can see the headlines now: Drug dealer-turned-murderess-turned-dream-stealer-turned-fugitive LuAnn Tyler living like a queen while people blow their Social Security checks on the lottery.
They were like a group of friends to him and came complete with driver's licenses, employee ID cards, social security cards and all the telltale documentation that is so indispensable nowadays.
But he was supposed to know what to do with taxes, defense, and Social Security—.
After we have the names we worry about getting the Social Security numbers and whatever else we need, like birth date and maybe even mother's maiden name.
Once he arrived, he went to medical records and immediately set about matching social security numbers and birth dates to the list of names he and Calhoun had compiled.
It was either buy a 'pauper's mansion' in Columbus or pay half its value to the government in Social Security Stabilization assessments - the new tax which reimbursed the fund out of the recipient's estate.
If Frad Haskins needed to ride in a, cab, for instance, he boarded it, and gave the Tin Cabby his social security number-but if, at the end of the fiscal year, his account showed more cab charges than was reasonable for his job, he would hear about it.
Dangling carrots like that, all the catchy ads, enticing people to cash in their Social Security checks to play something with odds at millions to one.
She just couldn't tell him that Brett was the name off some dead boy's Social Security card.