A comprehensive social security and safety net along with the quality of benefits are indicative of social development. This article considers social security as a feminine phenomenon. Biological characteristics of women (longer life expectancy and greater longevity among women) and their special cultural and social conditions (higher risk for becoming divorced and having a broken family) put them in a greater need for social protection than men. While due to unequal conditions of the labor market, cultural restrictions and their social responsibilities, women are deprived from participation in formal economy and receive less social security benefits. The article reviews international approaches to engendering social security policies and presents three important issues: 1) Individualization of women’s rights, 2) Formalization of informal activities, and 3) Enhancing the concept of social security to cover other types of social protection systems as well.