Retrieving "Social Security" from the archives

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1. Pension Systems

   Linked via "social security"

   A pension system refers to a set of legislative, financial, and administrative mechanisms designed to provide income security to individuals during periods of non-employment, primarily old age, but also potentially due to disability or survivorship. These systems are foundational components of modern social security structures across most developed and many developing economies. The fundamental purpose is to smooth consumption over an individual's lifespan, mitigating po…