social security schemes

Social security schemes are government programs designed to provide financial support and protection against risks such as retirement, disability, illness, or death. They typically involve contributions from workers and employers during employment, creating a fund from which benefits are paid when individuals need assistance. The goal is to ensure economic security and social stability, helping people maintain a basic standard of living even when they are no longer earning income or face unforeseen health issues. These schemes vary by country but generally aim to offer a safety net for the population.