Social protection

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Social protection is a measure of the extent to which countries assume responsibility for supporting the standard of living of disadvantaged or vulnerable groups. Benefits may be targeted at low-income households, the elderly, disabled, sick, unemployed, or young persons. Social spending comprises cash benefits, direct in-kind provision of goods and services, and tax breaks with social purposes. To be considered "social", programmes have to involve either redistribution of resources across households or compulsory participation.

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Keywords:  expenditure, benefit, maternity leave, assistance, support, social, households, spending, transfer, income support, pensions
 

Pension spending You or your institution have access to this content

Author(s):
OECD

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Pension spending is defined as all cash expenditures (including lump-sum payments) on old-age and survivors pensions. Old-age cash benefits provide an income for persons retired from the labour market or guarantee incomes when a person has reached a 'standard' pensionable age or fulfilled the necessary contributory requirements. This category also includes early retirement pensions: pensions paid before the beneficiary has reached the 'standard' pensionable age relevant to the programme. It excludes programmes concerning early retirement for labour market reasons. Old-age pensions includes supplements for dependants paid to old-age pensioners with dependants under old-age cash benefits. Old age also includes social expenditure on services for the elderly people, services such as day care and rehabilitation services, home-help services and other benefits in kind. It also includes expenditure on the provision of residential care in an institution. This indicator is measured in percentage of GDP broken down by public and private sector. Private pension spending includes payments made to private pension plan members, or dependants after retirement and covers persons working in both the public and private sectors.

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Keywords:  day care, Old age, social spending, retiree, retirement, pensions, public pensions, labour market, replacement income, pensionable, cash expenditures, elderly people, guarantee income, benefits
 
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    http://data.oecd.org/socialexp/pension-spending.htm
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