The Code on Social Security, 2020
| Code on Social Security, 2020 | |
|---|---|
| Parliament of India | |
| |
| Citation | Act No. 36 of 2020 (PDF), archived from the original (PDF) on 29 September 2020 |
| Territorial extent | India |
| Considered by | Parliament of India |
| Enacted by | Lok Sabha |
| Enacted | September 22, 2020 |
| Enacted by | Rajya Sabha |
| Enacted | September 23, 2020 |
| Assented to | September 28, 2020 |
| Signed by | Ram Nath Kovind |
| Legislative history | |
| First chamber: Lok Sabha | |
| Bill citation | Bill No. 121 of 2020 |
| Introduced by | Santosh Gangwar Minister of State (IC) Labour and Employment |
| Introduced | September 19, 2020 |
| First reading | September 22, 2020 |
| Second reading | September 23, 2020 |
| Committee report | Report of Second National Commission on Labour |
| Repeals | |
| |
| Status: Not yet in force | |
The Code on Social Security, 2020 is a code to amend and consolidate the laws relating to social security with the goal to extend social security to all employees and workers either in the organised or unorganised or any other sectors.
The Social Security Code, 2020 brings unorganised sector, gig workers and platform workers under the ambit of social security schemes, including life insurance and disability insurance, health and maternity benefits, provident insurance, pension and skill upgradation, etc.[1] The act amalgamates nine central labour enactments relating to social security.
Background
[edit]The bill was introduced by the Labour Minister Santosh Gangwar. The bill was passed by the Lok Sabha 22 September 2020 and the Rajya Sabha on 23 September 2020.[2] The bill was formulated according to the Report and Recommendations of the Second National Commission on Labour.
It consolidated The Employees’ Compensation Act, 1923, The Employees’ State Insurance Act, 1948, The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, The Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959, The Maternity Benefit Act, 1961, The Payment of Gratuity Act, 1972, The Cine Workers Welfare Fund Act, 1981, The Building and Other Construction Workers Welfare Cess Act, 1996, Unorganised Workers' Social Security Act 2008.[3][4]
The bill received the presidential assent on 28 September 2020, and section 142 of the Act has come into force on 3 May 2021.[5] As per notification dated 3rd May 2023 issued by Ministry of Labour and Employment , Government of India several sections of the code pertaining to Employees Pension Scheme and Employees Provident Fund Scheme came into force[1][3][5][6][7]
See alsoof India several sectio
[edit]pertaining to Employees Pension Scheme came into force ndustrial Relations Code, 2020
References
[edit]- ^ a b "Parliament proceedings | Codes on occupational safety, social security and industrial relations introduced in Lok Sabha". 19 September 2020 – via www.thehindu.com.
- ^ "Lok Sabha passes three labour code bills: What do they mean for India's employers and workers?". www.timesnownews.com.
- ^ a b "The Code On Social Security, 2020". PRSIndia. 19 September 2020.
- ^ "Explained: In labour codes, what changes for workers and hirers?". 23 September 2020.
- ^ a b Gazette of India notification
- ^ "Implementation of specific provisions of the Code on Social Security, 2020 for higher pension option under the Employees' Pension Scheme". www.ey.com. Retrieved 24 February 2025.
- ^ "Social Security Code Provisions pertaining to Pension on Higher Wages Notified". azb. Retrieved 24 February 2025.