Home / Business and Economy / Gig Workers Get Social Security Rights!
Gig Workers Get Social Security Rights!
10 May
Summary
- Aggregators must upload gig worker details to a government portal.
- Gig workers need 90 days of work to be eligible for benefits.
- Late contributions by aggregators incur a 12% annual interest penalty.
A new government mandate requires aggregators to upload details of all their gig workers onto a central portal within 45 days. This action aims to ensure these workers are covered by the Code on Social Security, 2020. The finalized rules also stipulate that aggregators failing to make timely social security contributions will face a 12% annual interest charge on overdue amounts.
To be eligible for social security benefits, gig or platform workers must be at least 16 years old and have worked for an aggregator for a minimum of 90 days in the preceding financial year. For those engaged with multiple aggregators, this period extends to 120 days. Eligibility extends to workers engaged directly or indirectly through various company structures.
