Compulsory social security activities

NACE v2.1 Code: P84.30

About compulsory social security activities

NACE code 84.30 covers compulsory social security activities, which are a critical component of the broader social welfare system. These activities involve the provision of social security benefits, such as retirement pensions, disability benefits, and unemployment compensation, to the general population. As a key function of government, compulsory social security plays a vital role in ensuring the financial stability and well-being of citizens, particularly those who are vulnerable or in need of assistance.

Production process

The main production techniques in this industry involve the administration and management of social security programs. This includes the collection of social security contributions, the processing of claims, the disbursement of benefits, and the maintenance of records and databases. These activities are typically carried out by government agencies or specialized social security institutions, which operate under the legal and regulatory framework established by the relevant authorities.

Production inputs

The primary inputs required for compulsory social security activities include a skilled workforce, such as social security administrators, actuaries, and customer service representatives. Additionally, this industry relies on robust information technology systems, databases, and communication networks to efficiently manage the collection and distribution of social security benefits. Funding for these activities is primarily derived from mandatory social security contributions made by employers and employees, as well as government budgetary allocations.

Production outputs

The main output of this industry is the provision of social security benefits to the population, which can include retirement pensions, disability payments, unemployment compensation, and other forms of social assistance. These outputs are consumed by individuals and households who are eligible for and in need of such benefits. The activities described under NACE code 84.30 are closely related to and often integrated with other government functions, such as 84.11 General public administration activities and 88.10 Social work activities without accommodation.

Revisions to 84.30

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 84.30. The most recent 1 version of this code (84.30) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 84.30.

Family tree for compulsory social security activities

    graph LR
    A["<a href='/classifications/nace/v2-1/P'>P: PUBLIC ADMINISTRATION AND DEFENCE; COMPULSORY SOCIAL SECURITY</a>"]
A --> B["<a href='/classifications/nace/v2-1/P/84'>84: Public administration and defence; compulsory social security</a>"]
B --> C["<a href='/classifications/nace/v2-1/P/84/3'>84.3: Compulsory social security activities</a>"]
C --> D["<a href='/classifications/nace/v2-1/P/84/30'>84.30: Compulsory social security activities</a>"]

    
    

    %% Color coordination by level

    classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px
    classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
    classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
    classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
    classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px



  %% Apply classes
  class A level1
class B level2
class C level3
class D level4

  class D highlight

  %% class A level1
  %% class B,C level2
  %% class D,E,F,G,H,I level2
  %% class J,K,L,M,N,O,P level3
  %% class D highlight