This Law provides for the principles, rules and provisions for the organisation, implementation, management, monitoring and inspection of social security affairs with a view to make it systematic, strenthened and effective for better protecting rights and interests of employers and employees who contribute to the Social Security Fund, and receive social security benefits, as well as to assure livelihood improvement, social solidarity and national socio-economic development.
Social security mentioned in the Law refers to a set of assistance-based arrangements guaranteed by the National Social Security Fund in case of health care, child-birth or abortion, working capacity losses, human organ losses, sick-leave, old age, death, family allowances and unemployment.
The State promotes social security affairs development in line with national economic growth. To do so the government, employer, employee, self-employed person as well as Voluntary insured person shall contribute largely to the National Social Security Fund in order to make social security benefits affordable. The National Sicial Security Fund is managed by state and all social security benefits are excempted from tax.
The National Social Security Fund is made up of: the contribution of Government, employer, enterprise s employee, self-employed and voluntary insured person, to be used for the payment of social security benefits as stipulated in this Law. The Goverment shall appoint a National Social Security Fund s Committee, whose role and responsibilities are to manage the National Social Security Fund centrally and with accountability, transparency, fairness and sustainability.
The Law further provides for: social security registration and claim procedures, prohibited acts, dispute settlement, social security affairs management and inspection, etc.