Amending And Consolidating Social Security Laws

Social Security Act Expansion Bill

Amending and Consolidating Social Security Laws

Expanding Coverage to All Employees and Workers

A proposed bill, entitled "The Code on Social Security 2020," aims to amend and consolidate the existing laws related to social security. The primary objective of this bill is to extend the coverage of social security benefits to all employees and workers, both in the organized and unorganized sectors. The Social Security Act, enacted in 1935, initially established a system of old-age benefits for workers and benefits for victims of industrial accidents and unemployment. However, over the years, the act has undergone several amendments and revisions, resulting in a complex and fragmented legal framework. The proposed bill seeks to streamline and simplify the existing social security laws, creating a more comprehensive and cohesive system. It aims to provide social security benefits to all workers, regardless of their employment status or income level. This would represent a significant expansion of coverage, potentially extending benefits to millions of individuals who are currently excluded. By expanding social security coverage, the bill intends to provide financial security and support to a broader segment of the population. It recognizes the increasing importance of social safety nets in an aging society and strives to ensure that all individuals have access to essential benefits during times of need. The proposed bill is currently under review and is expected to undergo further consideration and debate before being presented for parliamentary approval. Its passage could have far-reaching implications for the social welfare system in our country, expanding the reach of social security benefits and providing a more secure future for millions of workers and their families.