Social security benefits

Social security benefits
In the context of changing intergenerational relationships, economic dependence on children is a major factor determining the quality of life of elderly. As such, social security by the state assumes great importance. Unfortunately, at present, there is very little in terms of social security from the state in India. or for large private companies have
Only those who work in the public sector benefits such as pensions and provident funds. However, for the most of the 90 per cent of elderly persons who work in the informal sector, there are scarcely any benefits. The only available benefits for the poor are:
The National Old age Pension of 75 rupees per month, which is available only to destitute people over the age of 65 years.
Various state schemes, with benefits ranging between Rs.60 to Rs. 250 per month, meant generally for people aged 65+ and below the poverty line and
Benefits for widows, with benefits below Rs. 150 per month.
With the constantly increasing cost of health care and housing, these benefits fall far short of supporting even minimal basic needs. The right of parents without any means of their own to be supported by their children has been recognized by section 125(1) (d) of the Code of Criminal Procedure 1973 and section 20 (3) of the Hindu Adaptation and Maintenance Act, 1956. More recently, in 1996, the Government of the state of Himachal Pradesh passed the Parents’ Maintenance Bill requiring children to take care of parents with no means and to provide assistance to those neglected by their children. The Governments of Maharashtra, Goa and others are in the process of passing similar bills.