Meaning of social insurance | Babel Free

Definitions

Government-mandated provision for the unemployed, injured, or aged, typically funded by a combination of government spending, individual contributions, and employer contributions.

countable, uncountable

Equivalents

Examples

“Panama unified all social insurances in the 1970s and began a process of integration with the public sector that was later halted.”

“Historical, cultural and institutional attributes influenced Scandinavian political choices for social insurance institutions and welfare policies at the time of the Bismarckian 'conception' of national social insurance on a grand scale in the 1880s.”

“By 1942, Beveridge had been an advocate of social insurance for more than thirty years.”

“The original Social Security Act (1935) and the current version of the Act, as amended, encompass several social welfare and social insurance programs.”

CEFR level