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Categories: Economics & Finance
The monetary benefits received by retired workers who have paid in to the Social Security system during their working years. Social Security benefits are paid out on a monthly basis to retired workers and their surviving spouses. They are also paid to those who are permanently and totally disabled according to the strict criteria set forth by the Social Security Administration.
(source: http://www.investopedia.com/terms/s/social-security-benefits.asp)
Synonyms:
social security pension - SSP
