Prior to the onset of the recent financial crisis, global trends of social security in industrialised societies were indicating a progressive disengagement of the State, in favour of tax-financed measures similar to social assistance, which may fail to ensure a basic standard of living. In this timely book the author, with his life-long experience of international social security, advocates reinstating social insurance by reducing the volume of income redistribution, increasing the transparency of money flows and improving citizen information. It will be of interest to a wide audience, including undergraduate and postgraduate students, researchers and lecturers, policy makers, social partners, professionals dealing with social security institutions and civil society groups.