The Code on Social Security, 2020
Section 15. Schemes
In simple words
- The Central Government has made the Schemes this section provides for s. 15(1).
- For provident fund, it made the Employees’ Provident Funds Scheme, which replaces the earlier Scheme, except for things done or left undone before the change G.S.R. 525(E).
- For pensions, it made the Employees’ Pension Scheme, which replaces the earlier family pension and pension Schemes in the same way G.S.R. 527(E).
- For insurance, it made the Employees’ Deposit-Linked Insurance Scheme, which replaces the earlier Scheme in the same way G.S.R. 526(E).
- Each Scheme says it comes into force on its publication in the Gazette G.S.R. 525(E) G.S.R. 527(E) G.S.R. 526(E).
- Corrections to the English text were published later, so read them with the Schemes G.S.R. 703(E) G.S.R. 704(E) G.S.R. 705(E).
An explanation, not the law. The official text below prevails.
Official text
(1) The Central Government may, by notification—
(a) frame a scheme to be called the Employees' Provident Fund Scheme for which the provident funds shall be established under this Chapter for employees or for any class of employees and specify the establishments or class of establishments to which the said scheme shall apply;
(b) frame a scheme to be called the Employees' Pension Scheme for the purpose of providing for—
(i) superannuation pension, retiring pension or permanent total disablement pension to the employees of any establishment or class of establishments to which this Chapter applies;
(ii) widow or widower's pension, children pension or orphan pension payable to the beneficiaries of such employees; and
(iii) nominee pension;
(c) frame a scheme to be called the Employees' Deposit Linked Insurance Scheme for the purpose of providing life insurance benefits to the employees of any establishment or class of establishments to which this Chapter applies;
(d) frame any other scheme or schemes for the purposes of providing social security benefits under this Code to self-employed workers or any other class of persons; and
(e) modify any scheme referred to in clauses (a), (b), (c) and (d) by adding thereto, amending or varying therein, either prospectively or retrospectively.
(2) Subject to the provisions of this Chapter, the schemes referred to in clauses (a), (b) and (c) of sub-section (1) may provide for all or any of the matters respectively specified in Part A, Part B and Part C of the Fifth Schedule.
(3) The schemes may provide that all or any of its provisions shall take effect either prospectively or retrospectively on and from such date as may be specified in that behalf in the scheme.