social Insurance

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A state-administered system of contributions-based income-maintenance cover for unemployment, sickness, and retirements, and occasionally other events too. Systems vary between local and national states: some are funded through general taxation as well as contributions; income maintenance payments are often for fixed durations rather than indefinite periods; most systems have eligibility requirements, in addition to a contributions record, which serve to exclude many women and young people.

Subjects: Sociology.

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