Meaning of the word "social security" in English

What does "social security" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

social security

US /ˈsoʊʃəl sɪˈkjʊrəti/
UK /ˈsəʊʃəl sɪˈkjʊərəti/

Noun

a system of government payments to people who are old, ill, or unemployed

Example:
Many retirees rely on Social Security benefits for their income.
The government is debating reforms to the Social Security system.