G20: The Labour20 Summit held in Patna from June 21–23, resolved a multilateral mechanism among G20 member states and other associated countries on the portability of social security benefits. Addressing the press conference after the conclusion of the two-day  Summit L-20 President and All India President of the Indian Labour Union Shri Hiranmay Pandya said the summit noted that at present most of the countries allow portability under bilateral agreements between sending and receiving countries while discussing in detail the task force report on ‘International Migration of labor – International Portability of social security funds.’

The inception meeting of Labour20 held in Amritsar on 18, 19 and 20 March 2023 had formed 5 task forces related to burning issues in the world of work namely – 1- Universal Social Security, 2- Women And Future Of Work, 3- International Migration of labour – International Portability of social security funds, 4- Changing World of Work: New Employment opportunities and Challenges in G20 Countries, and 5- Skill Development: Role and responsibilities of stakeholders.

The task force on ‘International Portability of social security funds’ recommended that data on the susceptibilities and needs of migrants should be collected and analysed for the efficiency of social protection systems. Disaggregation of national data pertaining to social safety schemes, considering citizenship and residency status as reliable indicators of migrant status. This would facilitate the computation of the potential financial ramifications of transferable benefits and the estimation of the labour migrants’ effective or de facto social protection coverage. Private and social partnerships should be considered to implement the portability of funds through third-party service providers.

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