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Social insurance

noun

Definitions

Noun
  1. 1
    Government-mandated provision for the unemployed, injured, or aged, typically funded by a combination of government spending, individual contributions, and employer contributions. countable, uncountable

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

  2. 2
    government provision for unemployed, injured, or aged people; financed by contributions from employers and employees as well as by government revenue wordnet

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