*This definition only applies to the Canadian Data Set*
A general government sub-sector (organized under the social security funds sector) that accounts for pension contributions and benefits flowing through a social security scheme. The Canada Pension Plan (CPP) is managed by the CPP Investment Board and is thus treated as a social security fund institutional unit. The CPP applies to individuals who work in provinces and territories in Canada but outside of Quebec.
Social security funds are only recognized as distinct institutional units, like the CPP and Quebec Pension Plan (QPP), when they are separately organized from the other activities or government units, hold assets and liabilities separately from other government units, and they engage in financial transactions on their own account. Therefore, other government social protection programs, like the federal Old Age Security program, provincial and territorial health programs, and the Employment Insurance program, among others are classified as part of a general government unit. Likewise, pension funds managed by another financial institution, such as an insurance company, are classified as part of the financial institution that manages them.
Additional resources: User Guide: Canadian System of Macroeconomic Accounts