Code on Social Security Bill, 2020 This will replace nine s | UPSC Notes EPFO Labour Law
Code on Social Security Bill, 2020
This will replace nine social security laws, including Maternity Benefit Act, Employees’ Provident Fund Act, Employees’ Pension Scheme, Employees’ Compensation Act, among others.
The code universalizes social security coverage to those working in the unorganised sector, such as migrant workers, gig workers and platform workers.
For the first time, provisions of social security will also be extended to agricultural workers also.
The code also reduces the time limit for receiving gratuity payment from the continuous service of five years to one year for all kinds of employees, including fixed-term employees, contract labour, daily and monthly wage workers.
