Social

Pension Contribution

Regular payments made into a pension fund by employees, employers or both to build up retirement savings. Contribution rates vary by country.

Related terms

Coverage that pays for medical expenses. In many EU countries, mandatory health insurance is funded through social security contributions.

A period of absence from work granted to a mother before and after the birth of her child. EU law guarantees minimum 14 weeks maternity leave.

A period of absence from work available to parents to care for a young child. EU law provides a minimum of 4 months parental leave per parent.