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.