Is social security a pension or a pension?

Social security is not a pension, nor is it a pension.

Social security is different from pension and old-age pension. It refers to the institutional arrangement that the state raises funds through various channels such as legislation in accordance with the principle of corresponding rights and obligations, and provides material assistance (including cash subsidies and services) to the insured in the case of old age, illness, work injury, unemployment and maternity, so that they can enjoy basic living security and avoid or reduce economic losses.