On 1st October 2008, Ministry of Labour and employment has made it mandatory for International Workers (IW) to contribute to Indian Social Security Benefit. Now, the ministry has introduced further amendments and published the in the Gazette of India dated 11th September, 2010
Important change being IW will now be permitted to withdraw balance in their account only after retirement at the age of 58 years. Before this amendment, they were permitted withdraw on migration from India for permanent settlement abroad. However, exceptions for withdrawal before retirement are:
· Retirement on account of total disablement/incapacity to work.
· On suffering from leprosy, cancer, tuberculosis.
· On any other grounds specified in Social Security Agreement(SSA) under which IW is covered.
This amendment will have major impact on IWs who are from non-SSA countries and will be deprived from taking back their contribution at the time leaving India
