{"id":10878,"date":"2021-02-27T12:27:09","date_gmt":"2021-02-27T06:57:09","guid":{"rendered":"https:\/\/www.allsectech.com\/?p=10878"},"modified":"2024-09-02T08:48:24","modified_gmt":"2024-09-02T08:48:24","slug":"decoded-the-code-on-social-security-2020-part-2","status":"publish","type":"post","link":"https:\/\/www.alldigitech.com\/2021\/02\/27\/decoded-the-code-on-social-security-2020-part-2\/","title":{"rendered":"Decoded: The Code on Social Security, 2020 \u2013 Part 2"},"content":{"rendered":"

Decoded: The Code on Social Security, 2020 \u2013 Part 2<\/h1>\n

The Code on Social Security 2020 aims to improve social security coverage for all employees, including unorganized and gig workers. In Part 1 of Decoded: The Code on Social Security, we covered certain key implications of the code on <\/span>compliance management<\/span><\/a>, specifically about the change in the definition of an \u2018employee\u2019 and gratuity benefits.\u00a0<\/span><\/p>\n

In this follow-up, we explain the implications of other benefits accruing to employees, the penalties with regard to defaults, and the creation of a social security fund.\u00a0<\/span><\/p>\n

ESI and EPF<\/b><\/h6>\n

The Employees\u2019 State Insurance Act, 1948 (ESI) and the Employees\u2019 Provident Fund and Miscellaneous Provisions Act, 1952 (EPF) are among the nine codes subsumed. While a majority of the provisions have been retained, some noteworthy changes are:\u00a0<\/span><\/p>\n