Insurance provided by a government to persons facing particular perils (such as unemployment or disability) or to persons who have a certain status (such as the elderly or the blind). • Social insurance — such as that created by the Social Security Act of 1935 — is usu. part of a government’s broader social policy. […]
depression. A period of economic stress that persists over an extended period, accompanied by poor business conditions and high unemployment. Cf. RECESSION.
ABC test. The rule that an employee is not entitled to unemployment insurance benefits if the employee (A) is free from the control of the employer, (B) works away from the employer’s place of business, and (C) is engaged in an established trade. • The name derives from the A, B, and C commonly used
intercept, n. Family law. A mechanism by which a portion of an obligor’s unemployment benefits, disability income, income-tax refund, or lottery winnings is automatically diverted to a child-support-enforcement agency to satisfy past-due support obligations. intercept, vb. 1. To divert (money) from a payee to satisfy a financial obligation of the payee. 2. To covertly receive
compensation period. The time fixed by unemployment or workers’-compensation law during which an unem-ployed or injured worker is entitled to receive compensation. [Cases: Social Security and Public Welfare 728; Workers’ Compensation 836–868. C.J.S. Social Security and Public Welfare § 292; Workmen’s Compensation §§ 545–574, 582.]
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Under ERISA, any plan, fund, or program established or maintained by an employer or an employee organization for the purpose of providing to participants or their beneficiaries any number of potential benefits: medical, surgical, or hospital care or benefits; benefits in the event of sickness, accident, disability, death, or unemployment; vacation benefits; apprenticeship or other
Railroad Retirement Board. A three-member federal board that administers the program providing retirement, unemployment, and sickness benefits to retired railroad employees and their families. • The Board was established by the Railroad Retirement Act of 1934. — Abbr. RRB.
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benefit, n. 1. Advantage; privilege (the benefit of owning a car). 2. Profit or gain; esp., the consideration that moves to the promisee (a benefit received from the sale). — Also termed legal benefit; legal value. Cf. DETRIMENT(2). death benefit. (usu. pl.) A sum or sums paid to a beneficiary from a life-insurance policy on
indigency, n. The state or condition of a person who lacks the means of subsistence; extreme hardship or neediness; poverty. • For purposes of the Sixth Amendment right to appointed counsel, indigency refers to a defendant’s inability to afford an attorney. — Also termed indigence. — indigent, adj. & n. “Supreme Court opinions speak generally
trade dispute. 1. Int’l law. A dispute between two or more countries arising from tariff rates or other matters related to international commerce. 2. Labor law. A dispute between an employer and employees over pay, working conditions, or other employment-related matters. • An employee who leaves during a trade dispute is not entitled to benefits