The understanding and perception of employee toward social security / Mohamad Afzan Mohamad and Musyiri Johari

Social security has been recognized as a fundamental human right. Yet large sections of the world’s population are excluded from social security schemes of various designs. The notion of social security has been conceived with the objective of preserving the quality of life of the individual and his or her dependents as a result of old age and contingencies such as injuries, occupational diseases, invalidity, the need for health and medical attention and death. Currently, social security schemes are based on social insurance, general or ear-marked taxes and social assistance. The main challenge to achieving the noble objectives of social security is financial sustainability and social cohesion supported by political will. This paper discusses the concept and intentions of social security schemes and its challenges. It also provides a brief assessment of the social security system and social security gaps in the case of Malaysia.