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BRICS agrees to devise framework for social security agreement
Discussions during the two-day event focused on promoting Social Security Agreements amongst BRICS nations, formalisation of labour markets, participation of women in labour force and gig workers.
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| A+A A- By Express News Service
NEW DELHI: The first meeting of BRICS Employment Working Group (EWG) was held virtually from May 11-12, during which, member-countries agreed to formulate a framework on Social Security Agreement.
“Social Security Agreement would help the international workers to port their benefit to their home countries thereby preventing loss of their hard-earned money. Further they will be exempted from contributing both in home as well as host countries,” the labour ministry said in a statement.
BRICS nations keen on multilateral social security framework
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Last Updated: May 13, 2021, 01:51 PM IST
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Synopsis
The multilateral social security framework would help international workers to avoid double contributions in a cluster of such nations.
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The representatives of BRICS nations have expressed willingness to have a multilateral social security framework in order to safeguard workers rights. The Social Security Agreement will help the international workers to port their benefit to their home countries thereby preventing loss of their hard earned money. Further they are exempted from contributing (towards social security schemes) both in home as well as host countries.
BRICS members discuss multilateral framework on Social Security Agreement
By IANS |
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BRICS countries.. Image Source: IANS News
New Delhi, May 13 : Brazil, Russia, India, China and South Africa (BRICS) nations have converged on devising a multilateral framework on the issue of Social Security Agreement (SSA).
Social Security Agreement would help the international workers to port their benefit to their home countries thereby preventing loss of their hard-earned money, said the Ministry of Labour and Employment. Further they will be exempted from contributing both in home as well as host countries.
The decisions were taken in the first BRICS Employment Working Group (EWG) meeting in which the member nations resolved to enter into dialogue and discussion with each other and take the issue forward towards signing of the agreements. The two-day virtual meeting concluded on Wednesday with India assuming BRICS Presidency this year.