There are multiple definitions - click on the translation that matches your context.

Sozialversicherungsbeitrag

Substantiv

full

social insurance contribution

Comparative law notes

Austria

This is the American English phrase that describes a similar concept in the United States: workers and employers make a payment on each employee paycheck to a government agency that funds and administers a range of government programs providing social services and benefits. The purpose and the effect of the US and German social welfare contributions are identical, even though the scope/amount and actual composition of those contributions are obviously quite different.