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CS Executive · Setting Up of Business, Industrial and Labour Laws · The Code on Social Security, 2020

Meera, a company secretary at a Pune manufacturing firm, is asked which authority frames the Employees' Pension Scheme that provides superannuation, widow and nominee pensions under the Code on Social Security, 2020. Who frames it?

The Employees' Pension Scheme is framed by the Central Government by notification under section 15 of the Code on Social Security, 2020. The Central Board only administers funds, and neither State Governments nor employers have power to frame it.

  1. AThe Central Government, by notificationCorrect
  2. BThe State Government of the establishment's location
  3. CThe Board of Trustees on its own resolution
  4. DThe employer of the establishment through its board

Explanation

Section 15(1)(b) empowers the Central Government to frame the Employees' Pension Scheme by notification. The Central Board administers the funds but is not the scheme-framing authority. State Governments have no such power under this provision.

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