Integration with Social Security

{
  "id": "MLC-T-ECS-000964",
  "term": "Integration with Social Security",
  "field": "Economic statistics",
  "definition": "Process whereby the employer's contribution to taxes falling under the Social Security Federal Insurance Contributions Act (FICA) is taken into account when a retirement plan's benefits are computed.\n\nNote: Defined benefit plans may integrate retirement benefits with Social Security benefits. Integration may be accomplished by an offset or a step-rate method.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/integration-with-social-security/"
}