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social insurance

/ˈsəʊʃəl ɪnˈʃʊərəns/

1 entry

phrase

/ˈsəʊʃəl ɪnˈʃʊərəns/C1formallegal
  • ruГосударственная программа, обеспечивающая финансовую защиту граждан от экономических рисков, таких как безработица, инвалидность, старость или смерть, обычно финансируемая за счет обязательных взносов.

A government-run program that provides financial protection to individuals against economic risks such as unemployment, disability, old age, or death, typically funded through mandatory contributions.

  1. Government-provided financial protectionB2formal

    A system where the government provides financial support to individuals during unemployment, illness, disability, or old age, funded by contributions from employers and employees.

    ruГосударственная финансовая защита

    • Social insurance helps workers who lose their jobs.
    • Many countries have a social insurance system for retirees.
    • She applied for social insurance benefits after her accident.