Pension Schemes provisions takes effect in Social Security Code
The Ministry of Labour and Employment has notified that with effect from 03 May 2023, certain provisions of the Code on Social Security, 2020 come into force.
The following provisions of the Code on Social Security shall come into force, namely:––
- sub-section (3) of section 15, in so far as it relates to the Employees’ Pension Scheme, 1995;
- clause (a) of sub-section (1) of section 16, in so far as it relates to the Employees’ Pension Scheme,1995;
- clause (b) of sub-section (1) of section 16;
- sub-section (2) of section 16, in so far as it relates to the Employees’ Pension Scheme, 1995;
- section 143, in so far as it applies in giving effect to the provisions of sub-clause (ii) of clause (b) of sub-section (1) of section 16 in relation to the Employees’ Pension Scheme, 1995;
- sub-section (1) of section 164 to repeal the corresponding provisions of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952) specified in item 3 thereof; and
- clause (b) of sub-section (2) of section 164 in so far as it relates to the Employees’ Pension Scheme,1995.
The aforesaid provisions have been brought into force as a part of implemnting the Supreme Court judgment in the case of EPFO Vs. Sunil Kumar.B decided on 04 November 2022.
Related Notifications
Pension Scheme Contribution in Social Security Code
03 May, 2023
The Central Government has published the notification in respect of the Employees Pension Scheme contribution for the eligible employees under the Code on Social Security, 2020.Implementation of provisions for GIG and Platform Workers
21 Mar, 2022
The Press Information Bureau issued a press release regarding th provisions that are for GIG and Platform Workers for the first time in the Code on Social Security, 2020 which promotes social security benefits through formulation of schemes. Draft of the Social Security (Employee's Compensation)(Central) Rules, 2021
03 Jun, 2021
The Ministry of Labour and Employment has notified the draft rules related to Employee’s Compensation under the Code on Social Security. Any objections and suggestions are required to be submitted within a period of 45 days from the date of notification. Section 142 of the Social Security Code comes into effect from 03 May 2021
03 May, 2021
The Central Government appoints 03 May 2021 as the date on which the provisions of section 142 of the Code on Social Security, 2020 come into force.
Section 142 of the Code on Social Security (CoSS) provides for identifying an employee or a worker from unorganized sectors through Aadhar number so that they can seek certain benefits and avail the services under the CoSS.