Section 83 - Worker reskilling fund

Worker re-skilling fund requires employers to fund fifteen days' wages credited to retrenched workers' accounts within 45 days.

Section 83 requires the appropriate Government to notify the creation of a worker re-skilling fund, financed by an employer contribution equal to fifteen days' wages last drawn (or such other number of days as notified by the Central Government) for each retrenched worker and by other prescribed sources, and mandates crediting fifteen days' wages to the retrenched worker's account within forty-five days in the prescribed manner.