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NACE Code 8430 - Compulsory social security

Definition / Belongs to this divisionThis division includes:
- financing and administration of state social security schemes:
- sickness, accident at work and unemployment insurance
- provision of old-age pensions, invalidity and accident invalidity pensions and relatives ('accident relatives') according to the compulsory insurance related to compensate for loss of income
- compulsory insurance for maternity, temporary incapacity for work, widowhood, etc. to compensate the loss of income
It does not belong to this sectorThis division excludes:
- optional social security, see 6530 - Pension funds
- provision of welfare services and social work without accommodation, see 8810 - Social care activities without accommodation for the elderly and disabled, 8899 - Other social care activities without accommodation n.e.c.

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