{"id":156313,"date":"2024-10-18T09:15:03","date_gmt":"2024-10-18T09:15:03","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/18\/pension-to-insurance-what-govt-is-planning-as-social-security-measures-for-gig-workers\/"},"modified":"2024-10-18T09:15:03","modified_gmt":"2024-10-18T09:15:03","slug":"pension-to-insurance-what-govt-is-planning-as-social-security-measures-for-gig-workers","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/18\/pension-to-insurance-what-govt-is-planning-as-social-security-measures-for-gig-workers\/","title":{"rendered":"Pension to insurance: What govt is planning as social security measures for gig workers"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"630\" src=\"https:\/\/i0.wp.com\/img.etimg.com\/photo\/msid-114344803,imgsize-106750.cms?resize=1200,630&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Pension to insurance: What govt is planning as social security measures for gig workers\" title=\"Pension to insurance: What govt is planning as social security measures for gig workers\" \/><\/div>\n<div data-brcount=\"28\">The labour ministry will soon implement a <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/social-security-framework\" target=\"_blank\" rel=\"noopener\">social security framework<\/a> for <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/gig-workers\" target=\"_blank\" rel=\"noopener\">gig workers<\/a>, providing <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/wealth\/insure\/health-insurance\" rel=\"noopener\">health insurance<\/a> and <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/pension-benefits\" target=\"_blank\" rel=\"noopener\">pension benefits<\/a> to workers such as ride-hailing drivers and delivery platform staff. This move precedes the full implementation of the labour codes, which are yet to be enforced as several states have not adopted them.<\/p>\n<h3>Interim framework to support gig workers<\/h3>\n<p>Labour minister Mansukh Mandaviya announced on Thursday that while the labour code is not yet in place, the government will ensure gig workers are not deprived of their rights. \u201cWe cannot deprive them of their rights till the implementation of the Code. We have to bring a policy before that,\u201d said Mandaviya.<\/p>\n<p>The framework is expected to be introduced before the national budget in February, and once in place, it will be legally binding across India. The announcement followed a meeting with the Platform Workers\u2019 Association, where the need for immediate protection was emphasized.<\/p>\n<h2>Planned social security measures for gig workers<\/h2>\n<p><strong>Health insurance and pension:<\/strong> The government is working on introducing health insurance and pension schemes for gig workers, ensuring they receive basic social security benefits.<\/p>\n<p><strong>Life and disability cover: <\/strong>As part of the measures under the Code on Social Security 2020, gig workers will be eligible for life and disability insurance. This will provide financial protection in case of accidents or unforeseen events.<\/p>\n<p><!--\/include_growfast.cms?pagename=article&skipcss=1potime:2--><strong>Accident insurance: <\/strong>The framework will also cover accident insurance for gig workers, ensuring their medical expenses are taken care of in case of work-related injuries.<\/p>\n<p><strong><a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/maternity-benefits\" target=\"_blank\" rel=\"noopener\">Maternity benefits<\/a>: <\/strong>Female gig workers will be entitled to maternity benefits, which will support them financially during maternity leave.<\/p>\n<p><strong>Old age protection:<\/strong> Pension plans will be introduced to secure the financial future of gig workers in their old age, ensuring a safety net after retirement.<\/p>\n<p><strong><a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#News#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/social-security-fund\" target=\"_blank\" rel=\"noopener\">Social Security Fund<\/a>: <\/strong>A Social Security Fund will be set up to finance these welfare schemes. The fund may be supported through various mechanisms, including a proposed cess on transactions carried out through gig and platform-based companies.<\/p>\n<p><strong>Unique identity numbers: <\/strong>To streamline the distribution of benefits, the government may introduce unique identity numbers for gig workers, allowing them to access social security schemes easily.<\/p>\n<h2>Extension of enhanced life insurance<\/h2>\n<p>In addition to the gig worker framework, Mandaviya also extended the enhanced life insurance benefits for the six crore members of the Employees\u2019 Provident Fund Organisation (EPFO). This extension is retroactive from April 28 and will provide up to Rs 7 lakh in life insurance coverage.<\/p>\n<p>The main challenge, however, lies in defining who will contribute to social security schemes, as gig workers lack a traditional employer-employee relationship.<\/p>\n<h2>Growing gig economy<\/h2>\n<p>According to Niti Aayog, there are around 65 lakh gig and platform workers in India, though the actual number could exceed two crore due to the sector\u2019s rapid growth. The Code on Social Security 2020 outlines various measures for gig and platform workers, including life and disability insurance, accident insurance, health and maternity benefits, and old-age protection. It also proposes setting up a Social Security Fund to support these initiatives.<\/p>\n<p>By introducing this framework, the government aims to address the immediate social security needs of gig workers while awaiting the full implementation of the labour codes.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/economictimes.indiatimes.com\/news\/india\/pension-to-insurance-what-govt-is-planning-as-social-security-measures-for-gig-workers\/articleshow\/114344803.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The labour ministry will soon implement a social security framework for gig workers, providing health insurance and pension benefits to workers such as ride-hailing drivers and delivery platform staff. This move precedes the full implementation of the labour codes, which are yet to be enforced as several states have not adopted them. Interim framework to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":156314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/msid-114344803,imgsize-106750.cms","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[4600,4594,3056,35780,11068,48704,10838,7472,25219,2216,2441,2291,109967,122477,2252],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/156313"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=156313"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/156313\/revisions"}],"predecessor-version":[{"id":156315,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/156313\/revisions\/156315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/156314"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=156313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=156313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=156313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}