Social Protection 287
- A separate institutional unit that operates a pen-
sion scheme that is therefore regarded as an au-
tonomous pension fund - A scheme managed by an insurance enterprise
on behalf of the employer regarded as a fi nancial
corporation.
A2.43 Th e manner in which the employment-
related pension scheme is organized determines the
recording of the associated transactions. Insurance
enterprises and autonomous pension funds are units
of the fi nancial corporations sector, while nonauto-
nomous pension funds and unfunded employment-
related social insurance schemes are units of the general
government sector.
Nonautonomous employment-related pension schemes
A2.44 Nonautonomous social insurance schemes
are operated by the employer, and these schemes are
usually unfunded schemes because they are organized
by the employer without assigning specifi c accounts
or otherwise creating special reserves for the payment
of benefi ts. Instead, the benefi ts are payable from the
employer’s general resources.
A2.45 A nonautonomous pension fund for public
sector employees does not meet the criteria to be con-
sidered an institutional unit, and is therefore deemed
to be included in the unit that operates the scheme.
Th is is also the case when the employer has establishedTable A2.2 Illustrative Recording of Flows Related to Social Security Schemes
Description Debit Credit
2.1 The government social security scheme receives contributions from various contributors
Social security contributions
receivable from employees, self-
employed, and unemployed3212 / 3218 Currency and deposits /
Other accounts
receivable^11211 / 1213 Social security
contributions: Employee
contributions/self-
employed, and unemployed
Social security contributions
receivable from employers3212 / 3218 Currency and deposits /
Other accounts
receivable^11212 Social security
contributions: Employer
contributions
2.2 The government as employer makes contributions to social security schemes on behalf of its employees
Government contributions as
employer become payable2121 Actual employers’
social contributions3212 / 3318 Currency and deposits /
Other accounts payable^1
2.3 The government social security scheme provides social security benefi ts to the eligible benefi ciaries in accordance
with the conditions of the scheme
Social security scheme benefi ts
become payable2711 Social security benefi ts
in cash3212 / 3318 Currency and deposits /
Other accounts payable^1
2.4 The government social security scheme provides goods purchased from market producers to qualifying benefi ciaries
Social security scheme acquires
the goods31224 Inventories (goods for
resale)^23212 / 3318 Currency and deposits /
Other accounts payable^1
Social security scheme provides
goods to households2712 Social security benefi ts
in kind31224 Inventories (goods for
resale)^2
2.5 The government social security scheme reimburses market providers or households for goods and services provided
by market entities to eligible benefi ciaries in accordance with the conditions of the scheme
Social security scheme reimburses
providers or households2712 Social security benefi ts
in kind3212 / 3318 Currency and deposits /
Other accounts payable^1
2.6 The government social security scheme produces and provides goods or services to the population in accordance
with the conditions of the scheme
No social security benefi ts
are recorded in GFS—the
operational costs incurred in the
production of the goods and
services are recorded as relevant21, 22, 23 Compensation of
employees, use of
goods and services,
and consumption of
fi xed capital3212 / 3318 Currency and deposits /
Other accounts payable^1(^) Note: The net implicit obligation for future social security benefi ts should be recorded as a memorandum item (see paragraph 7.261).
(^1) In a cash reporting environment, the revenue/expense will be recorded at the time of the cash fl ow. In an accrual reporting environment,
an other account receivable/payable should be recorded in cases where the payment is not made when the eligibility criteria have been met.
(^2) The fl ow of inventories will be recorded only in an inventory accounting system. In a cash reporting environment, social benefi ts in kind
will not be recorded. The purchases of goods and services distributed as social benefi ts in kind will be included in purchases of goods and
services (22).