ESIC board meeting today to discuss social security code – Community News
Social Security

ESIC board meeting today to discuss social security code

The 185th meeting of the Employees’ State Insurance Corporation (ESIC) scheduled for Friday in Rishikesh is expected to discuss the Social Security Code and decide on ESIC’s role in implementing the code.

The unions have demanded that the scope of the ESIC benefits be extended to more employees, while the employers’ organizations want the insurer to be professionalized to meet the current challenges.

The unions, including the BMS, have written to the Council requesting an increase in the cover ceiling. BMS National Secretary V Radhakrishnan, also a member of the council, insisted that “the pay cap for coverage be raised to 30,000 from 21,000. Alternatively, those insured who have exceeded the wage cap of 21,000 can remain under the ESI until retirement by paying a premium on wages of ₹21,000, as followed in EPF.”

‘Cost structure’

Representative of the Employers’ Federation of India, Vijay Padate, said that the ESIC should represent the interests of the insured and their relatives and that the organization has many opportunities. “First, ESIC needs to look internally at its cost structure,” he said. Padate said the board of directors will also discuss how the social security code will be implemented in the country and that ESIC’s role in the process will be defined at the meeting. “Due to Covid and lockdowns, a number of employees do not have enough working days on their credit. The government has reduced the required number of working days, but the provision should be extended beyond June 2021,” Radhakrishnan said. BusinessLine.

Effective management

The unions will also demand that zonal offices be established for the effective management of the ESI scheme. There is also a requirement that the ESI scheme be extended to workers in the plantation sector and the unorganized sector. “This would ensure that much-needed Social Security coverage for the majority of workers is expanded at the earliest,” the BMS leader added.

Social Security

Labor Minister Apurva Chandra will give a presentation on the “Future of Social Security in India” during the board meeting. There will be a separate discussion on the impact of the Social Security Code on the roles and responsibilities of the ESIC.

Union Minister of Labor Bhupender Yadav will address the meeting which will be attended by representatives of all states and territories of the Union, employers and trade unions.