Definition According to I.L.O, “Social security is the protection which society provides for its members trough a series of public measure, against the economic and social distress that otherwise would be caused by the stoppage or substantial prediction of earning resulting from sickness, maternity, employment, injury, unemployment, invalidity, old age and death”
Mechanism to solve the problem of insecurity.
It is a group effort in place of individual effort.
Protect the workers from various contingencies of life.
It collective effort of employee, employer, and govt.
Idea to provide social justice.
Social Security in India According to article 41 of the India constitution lays down, “the state shall with in the limits of its economic capacity and development make effective provision securing the right to work, to education and to public assistance in case of unemployment, old age, sickness, and disablement, And other cases of unserved wants”
The workmen's compensation Act, 1923
Compensation to employee in case of :
Industrial accident- disability, death.
Occupational diseases causing death.
(Compensation subject to state insurance Act 1948)
Employee's state insurance Act, 1948
Provide Medical facility and unemployment Insurance
to industrial worker during their sickness.
It is compulsory and contributory in nature.
It is applicable to all factories who employ more then
Benefits of this Act
The Maternity Benefit Act, 1961 The Maternity Benefit Act, 1961 regulates employment of women in certain establishments for a certain period before and after childbirth and provides for maternity and other benefits.
PAYMENT OF GRATUITY ACT, 1972
The Payment of Gratuity Act, 1972 applies to factories and other establishments employing ten or more persons.
On completion of five years service, the employees are entitled to payment of gratuity @15 days wages for every completed year of service or part thereof in excess of six months subject to a maximum of Rs.3.50 lakh.
The object of the Act is the institution of compulsory contributory Provident Funds, Pension and Insurance for employees. Presently the following three Schemes are in operation under the Act through the Employees' Provident Fund Organisation: Employees’ Provident Funds Scheme, 1952 Employees’ Deposit Linked Insurance Scheme, 1976 Employees' Pension Scheme, 1995
The Employees’ Provident Funds & Miscellaneous Provisions Act, 1952
Repetition of benefits in different schemes
No effective implementation of social securities act
It covers organized sector
THE UNORGANIZED SECTOR WORKERS’ SOCIAL SECURITY ACT, 2005 (Tabled in parliament)