1. THE ADDED VALUE OF SOCIAL SECURITY THE PORTUGUESE EXPERIENCE  THE PORTUGUESE SYSTEM  THE ROLE OF SOCIAL SECURITY  PRIVATISATION ATTEMPTS AND THE CURRENT CRISIS

2. PORTUGUESE SOCIAL SECURITY SYSTEM SystemSub-systemObjectiveFinancing% GDP Welfare & pension provisionContributoryReplace incomeContributions9.3 FundedPublic reserveContributions4.8 Social welfare measurePovertyTaxes1 Social protect- ion of citizenshipSolidarityPovertyTaxes3 FamilySupport familiesTaxes1 Supplementary Public (State) funded schemeSupplement pensionSavings

3. FUNDAMENTAL CHARACTERISTICS Separation of: social security and health Social security: public social insurance Financing: contributory Separation of welfare & pension provision scheme and non-contributory scheme Supplementary schemes

6. SOCIAL SECURITY AS AUTOMATIC STABILISER

7. THE SOCIAL SECURITY DEBATE: PUBLIC / PRIVATE SYSTEMS Setting a maximum contribution level? Financing … today: the impact of the crisis and the assistancialist view