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A pension is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be:
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income.
Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance programs which provide support only to those who have previously contributed, as opposed to social assistance programs which provide support on the basis of need alone. The International Labour Organization defines social security as covering support for those in old age, support for the maintenance of children, medical treatment, parental and sick leave, unemployment and disability benefits, and support for sufferers of occupational injury.
National Insurance (NI) is a fundamental component of the welfare state in the United Kingdom. It acts as a form of social security, since payment of NI contributions establishes entitlement to certain state benefits for workers and their families.
Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by authorized bodies to unemployed people. In the United States, benefits are funded by a compulsory governmental insurance system, not taxes on individual citizens. Depending on the jurisdiction and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time proportionally to the previous earned salary.
The German civil servants called Beamte have a privileged legal status compared to other German public employees, who are generally subject to the same laws and regulations as employees in the private sector. For example, the state can only fire Beamte if they commit a felony.
Social welfare, assistance for the ill or otherwise disabled and the old, has long been provided in Japan by both the government and private companies. Beginning in the 1920s, the Japanese government enacted a series of welfare programs, based mainly on European models, to provide medical care and financial support. During the post-war period, a comprehensive system of social security was gradually established.
Social security in India includes a variety of statutory insurances and social grant schemes bundled into a formerly complex and fragmented system run by the Indian government at the federal and the state level. The Directive Principles of State Policy, enshrined in Part IV of the Indian Constitution reflects that India is a welfare state. Food security to all Indians are guaranteed under the National Food Security Act, 2013 where the government provides highly subsidised food grains or a food security allowance to economically vulnerable people. The system has since been universalised with the passing of The Code on Social Security, 2020. These cover most of the Indian population with social protection in various situations in their lives.
In France employees of some government-owned corporations enjoy a special retirement plan, collectively known as régimes spéciaux de retraite. These professions include employees of the SNCF, the RATP, the electrical and gas companies which used to be government-owned; as well as some employees whose functions are directly related to the State such as the military, French National Police, sailors, Civil law notaries' assistants, employees of the Opéra de Paris, etc. The main differences between the special retirement plan and the usual private sector retirement plans are the retirement age and the number of years a worker must contribute to the fund before being allowed a full pension. In the private sector the minimum retirement age is 62 and the minimum number of quarters of contribution to the retirement fund in order to receive a full pension is between 166 and 172 quarters depending on date of birth. Employees who are enrolled in the special retirement plan can retire earlier.
Welfare in France includes all systems whose purpose is to protect people against the financial consequences of social risks.
Iranian labor law describes the rules of employment in Iran. As a still developing country, Iran is considerably behind by international standards. It has failed to ratify the two basic Conventions of the International Labour Organization on freedom of association and collective bargaining, and one on abolition of child labor. Countries such as the US and India have also failed to ratify many of these Conventions and a mere 14 other Conventions, only 2 since the Islamic Revolution.
The social security system in Spain is its principal system of social protection. The concept of social security first appeared in Spain in 1883 under the Committee for Social Reform, it was expanded several times during the twentieth century and finally the right to social security was enshrined in the Spanish Constitution of 1978 under Article 41 which states "that the public authorities shall maintain a public social security system for all citizens, guaranteeing sufficient support and social benefits in situations of need, especially in the event of unemployment, and that the support and additional benefits shall be free".
The Ministry of Welfare and Social Security established in 2004 and dissolved in 2011, was an Iranian government body responsible for the oversight of Social security in Iran.
The Ministry of Labour and Social Protection of the Population of the Azerbaijan Republic is a governmental agency within the Cabinet of Azerbaijan in charge of regulating the labour markets and ensuring social protection of the population of Azerbaijan. The ministry was headed by Salim Muslumov until 2018. Current minister of Labour and Social Protection of the Population is Sahil Babayev. He is appointed to this position based on presidential decree dated 21 April 2018.
The Social Security Organization (SSO) is a social insurance organization in Iran which provides coverage of wage-earners and salaried workers as well as voluntary coverage of self-employed persons. In 1975, the laws Social Security Law was approved and the SSO was established.
Social security in Germany is codified on the Sozialgesetzbuch (SGB), or the "Social Code", contains 12 main parts, including the following,
India operates a complex pension system. There are however three major pillars to the Indian pension system: the solidarity social assistance called the National Social Assistance Programme (NSAP) for the elderly poor, the civil servants pension and the mandatory defined contribution pension programs run by the Employees' Provident Fund Organisation of India for private sector employees and employees of state owned companies, and several voluntary plans.
Unemployment insurance, also known as 失業保険, is the "user pays" system of unemployment benefits that operates in Japan. It is paired with Workers' Accident Compensation Insurance and referred to collectively as Labour insurance. It is managed by Hello Work.
Pensions in Israel consist of a state old age pension system, a private pension system which employees are legally required to participate in and that is supervised and regulated by the government, and a pension system for civil servants.
References
- 1 2 "Welcome to Civil Servants Pension Fund". Archived from the original on 2010-12-22. Retrieved 2010-12-30.
- ↑ "Iran: Country Brief". World Bank . June 2009. Archived from the original on 2011-02-10. Retrieved 2009-07-12.
- ↑ Rouznameh, Rasmi (November 20, 1990). "Labour Code". International Labour Organization . Retrieved 2009-03-01.
- 1 2 3 4 Ayse, Valentine; Nash, Jason John; Leland, Rice (January 2013). The Business Year 2013: Iran. London, U.K.: The Business Year. ISBN 978-1-908180-11-7. Archived from the original on 2016-12-27. Retrieved 2014-03-15.