# Social Security Contribution

**IRI:** https://folio.openlegalstandard.org/RBsFqa5TMQWMQHxVngr0isg

## Labels

**Preferred Label:** Social Security Tax Payment

**Alternative Labels:**

- Social Insurance Contribution
- Social Insurance Payment

**Translations:**

- en-us: FICA Payment

## Definition

A Social Security Contribution refers to the payment made by employees and employers to fund the social security system, which provides benefits for retirement, disability, and survivorship. These contributions are typically deducted from wages and matched by employers, ensuring financial support for eligible beneficiaries.

## Sub Class Of

- https://folio.openlegalstandard.org/RWNHtgqXOWSnS2m1dFK5L0

**Deprecated:** False