Social Security Scheme

*This definition only applies to the Canadian Data Set*

Social security schemes are schemes imposed and controlled by government units for the purpose of providing social benefits to members of the community as a whole, or of particular sections of the community. When social security schemes are separately organized from the other activities of government units and hold their assets and liabilities separately from the latter and engage in financial transactions on their own account, they qualify as institutional units that are described as social security funds. (Source: Statistics Canada)

In the IMPLAN Canada Provincial Product, there are two social security fund sectors: the Canada Pension Plan (CPP) and the Quebec Pension Plan (QPP), both of which are general government sub-sectors.