The code on Social Security, 2020 has for the very first time extended social security benefits like maternity leave, disability insurance, gratuity, health insurance and old age protection to workers in the country’s booming unorganized sector. These include gig workers, platform workers, contract workers, freelancers and home-based workers. It also stipulates the gratuity benefits to fixed-term employees without any conditions on minimum service. The code proposes the creation of a social security fund for extending these benefits to workers in the unorganized sector. The scheme for the social security fund envisages that the platforms and aggregators make contributions to the fund which would be either 1-2 percent of the turnover or 5 percent of the worker’s wages. Central and the state governments can also contribute to the social security fund. It integrates nine previous regulations relating to social security namely, The Employees Compensation Act, 1...
Anecdotes compiled in my free time. Simple ones.