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SOCIAL SECURITY CODE, GROWTH AND DEVELOPMENT - Coggle Diagram

- - - - Social security refers to measures to ensure access to health care and provision of income security to workers.
    - - Under the Code, the central government may notify various social security schemes for the benefit of workers. These include an Employees’ Provident Fund (EPF) Scheme, an Employees’ Pension Scheme (EPS), and an Employees’ Deposit Linked Insurance (EDLI) Scheme. These may provide for a provident fund, a pension fund, and an insurance scheme, respectively.
      - In addition,
        
        the central or state government may notify specific schemes for gig workers, platform workers, and unorganised workers to provide various benefits, such as life and disability cover.
        
        ⦁ Gig workers refer to workers outside of the traditional employer-employee relationship (e.g., freelancers).
        
        ⦁ Platform workers are workers who access other organisations or individuals using online platforms and earn money by providing them with specific services.
        
        ⦁ Unorganised workers include home-based and self-employed workers.
        
        Coverage and registration:
        
        The Code specifies different applicability thresholds for the schemes. For example, the EPF Scheme will apply to establishments with 20 or more employees. The ESI Scheme will apply to certain establishments with 10 or more employees, and to all establishments which carry out hazardous or life-threatening work notified by the central government.
        
        ⦁ These thresholds may be amended by the central government.All eligible establishments are required to register under the Code, unless they are already registered under any other labour law.
        
        Contributions:
        
        The EPF, EPS, EDLI, and ESI Schemes will be financed through a combination of contributions from the employer and employee.
        
        ⦁ For example, in the case of the EPF Scheme, the employer and employee will each make matching contributions of 10% of wages, or such other rate as notified by the government.
        
        ⦁ All contributions towards payment of gratuity, maternity benefit, cess for building workers, and employee compensation will be borne by the employer.
        
        ⦁ Schemes for gig workers, platform workers, and unorganised workers may be financed through a combination of contributions from the employer, employee, and the appropriate government.
        
        Social security organisations:
        
        The Code provides for the establishment of several bodies to administer the social security schemes. These include:
        
        ⦁ Central Board of Trustees, headed by the Central Provident Fund Commissioner, to administer the EPF, EPS and EDLI Schemes,
        
        ⦁ Employees State Insurance Corporation, headed by a Chairperson appointed by the central government, to administer the ESI Scheme,
        
        ⦁ National and state-level Social Security Boards, headed by the central and state Ministers for Labour and Employment, respectively, to administer schemes for unorganised workers, and
        
        ⦁ State-level Building Workers’ Welfare Boards, headed by a Chairperson nominated by the state government, to administer schemes for building workers.
        
        a social security
        
        ⦁ The bill seeks to establish a social security fund and tap the corporate social responsibility fund to offer unorganized sector workers medical, pension, death and disability benefits via the employee’s state insurance corporation.