Understanding the Social Security Code 2019: What Changes Should We Expect?

Introduction to the Social Security Code 2019

The Social Security Code 2019 has been presented in the Lok Sabha on 11.12.19. This is the last one. This code will subsume eight Central Labour Acts: Employees' Compensation Act, 1923; Employees' State Insurance Act, 1948; Employees' Provident Funds and Miscellaneous Provisions Act, 1952; Maternity Benefit Act, 1961; Payment of Gratuity Act, 1972; Cine Workers Welfare Fund Act, 1981; Building and Other Construction Workers Cess Act, 1996; and Unorganized Workers' Social Security Act, 2008. Here is the Code bill.

The Social Security Code 2019, presented in Lok Sabha on 11.12.19, is a significant legislative development in India. This code aims to streamline and consolidate various labor laws related to social security, including the Employees' Compensation Act, Employees' State Insurance Act, Employees' Provident Funds and Miscellaneous Provisions Act, Maternity Benefit Act, Payment of Gratuity Act, Cine Workers Welfare Fund Act, Building and Other Construction Workers Cess Act, and Unorganized Workers' Social Security Act.

The consolidation of these acts into a single code is intended to simplify compliance for employers and enhance social security benefits for employees across different sectors. It is crucial for businesses and HR professionals to stay updated on these changes to ensure full compliance with the law and provide necessary benefits to employees as mandated by the revised legislation.

For further details and insights on the specific provisions and implications of the Social Security Code 2019, it is recommended to refer directly to the official document of the Code bill or consult legal experts well-versed in Indian labor laws.