Retirement income in the United States has been described as a three-legged stool composed of Social Security benefits, personal savings, and employer-based retirement plans. For the latter, today's workers usually have a defined contribution plan in which the worker and employer contribute to the plan and the worker bears the risk for account performance. At retirement, the worker has the option of purchasing an annuity, which is similar to Social Security benefits and traditional defined benefit pension plans insofar as they provide a steady income stream for life. This issue paper examines job satisfaction and Social Security retirement benefits and annuities, and the factors that determine how much lifetime retirement income an individual would receive. Employee welfare is a comprehensive term which offers service, benefits to the employees in the company. The present study is made an attempt to determine the social security benefits adopted by small scale industrial units in Satara districts. It aims to produce a social security which is stimulating enough to encourage development and interest in the employees. This highlights the employee perception regarding the various social security benefits provided by the company. The company provides the social security to their employees to keep their motivation level high. These sources are taken from the secondary data. The design of the research is descriptive research. The technique used for this study is census survey. Here the tools used are chi square test.. This research paper mainly focuses on social security benefits of the employee and the job satisfaction. The researcher has selected Small Scale Industrial Units (SSI) from Satara district for their research work. He has set out the well-defined questionnaire and collected the data through it.