Daily Current Affairs 10.10.2018 : International Social Security Association

International Social Security Association

Overview: 

The Employees’ State Insurance Corporation (ESIC) was awarded the ‘ISSA Good Practice Award’ for administrative solution for coverage extension at the ‘Regional Social Security Forum for Asia and the Pacific’ held recently at Kuala Lumpur, Malaysia.

• The award recognizes the measures taken by ESIC for extension of coverage of the Scheme for Promoting Registration of Employers and Employees (SPREE), reducing the rate of contribution rates for 24 months in newly implemented areas and raising the wage limit for coverage under the ESI Act.

Know the International Social Security Association:

• The ISSA is the principal international organization for Social Security Organizations, Govts. and Departments of Social Security.
• The ISSA was founded in 1927 under the auspices of the International Labour Organization (ILO), Geneva.
• It promotes excellence in social security administration through professional guidelines, expert knowledge, services and support to enable its Members to develop dynamic social security systems.
• The ESI Corporation hosts ISSA Liaison Office for South Asia at New Delhi. The Liasion Office coordinates with the Member countries and Social Security Institutions in Bhutan, Nepal, Bangladesh, Sri Lanka and Iran on activities of ISSA related to social security.

Key notes for Prelims:

The regional social security forum for Asia and the Pacific is a triennial Forum, which is the most important social security event in the region. 

The International Social Security Association (ISSA) invites submissions for the ISSA Good Practices award for Asia and the Pacific regions, on the occasion of the triennial regional forum. The Forum provides unique opportunities to CEOs and Managers of ISSA Member Institutions to discuss key social security challenges and share their experiences.

Sources: the hindu.