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Section 80 - Code on Social Security Act, 2020
80. Commutation of half-monthly payments.-
Any right to receive half-monthly payments may, by agreement between the parties or, if the parties cannot agree and the payments have been continued for not less than six months, on the application of either party to the competent authority be redeemed by the payment of a lump sum of such amount as may be agreed to by the parties or determined by the competent authority, as the case may be.
Related Sections
- Section 127: Interest on amount due
- Section 121: Writing off of losses
- Section 95: Powers and procedure of competent authority
- Section 149: Power of central Government to give directions to state government and social security organizations
- Section 62: Notice of claim for maternity benefit and payment thereof
Related Acts
* Only for reference.