Term:
Social protection
Definition:
Social protection includes public social security schemes as well as private or non-statutory schemes with a similar objective, such as mutual benefit societies and occupational pension schemes. Social protection includes all sorts of non-statutory schemes, formal and informal, provided that, if the scheme is contributory, contributions are not wholly determined by market forces. These schemes may feature for example group solidarity, or an employer subsidy, or perhaps a government subsidy.
Domain:
Labour
Source:
ILO