Social pension

According to the International Labour Organization, social security is a human right that aims at reducing and preventing poverty and vulnerability throughout the life cycle of individuals. Social security includes different kinds of benefits (maternity, unemployment, disability, sickness, old age, etc.)^[1] A social pension is a stream of payments from the state to an individual that starts when someone retires and continues to be paid until death.^[2] This type of pension represents the non-contributory part of the pension system, the other being the contributory pension, as per the most common form of composition of these systems in most developed countries.