Business Standard

WHAT WORKS FOR THE EMPLOYEE

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A worker earlier enrolling in four separate schemes can now get all the benefits from a single body Social security contributi­ons will be supplement­ed by government outlays Payment of gratuity from an employer-based model to a fund-based approach, creating more comprehens­ive social security structure The Code gives supremacy to social security liabilitie­s, as opposed to other debts in cases of liquidatio­n

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