Social assistance programmes are non-contributory transfers extended to the poor and the vulnerable. They help relieve the households that fall into poverty because of some external event or shock, and provide assistance to the more chronically poor.
Pensions / OABs
The social security system offers pension to a number of formal sector workers. Public sector workers are provided with civil service pensions whereas private sector workers receive pensions from Employees.
Government of the Punjab, like Federal and other provincial governments, set minimum wage level below which it is illegal for the employer to pay its employees. Minimum wages in Punjab is regulated through The Minimum Wages Ordinance, 1961 (adapted in Punjab by 2012 Amendment Act).
Social insurance has also been defined as a program whose risks are transferred to and pooled by an often government organisation legally required to provide certain benefits.
With about a million new workers entering the labour market in Punjab every year, the provincial government wants to turn this demographic transition into a dividend.
All public and private initiatives that provide income or consumption transfers to the poor, protect the vulnerable against livelihood risks.