Sunday, December 13, 2015

Government may consolidate Private Sector Employee Benefits

The Labour Ministry is finalising the social security code that would amalgamate half a dozen laws to simplify social security regulations besides allowing working women to avail longer maternity leave and make gratuity portable.

The key laws that will be subsumed under such a social security code include the Employees Provident Fund & Miscellaneous Provision Act, 1952, the Employees' State Insurance Act, 1948, the Employees' Compensation Act, 1923, the Payment of Gratuity Act, 1972 and the Maternity Benefit Act, 1961.

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