Government backed retirement has been seen in various nations as one of the most effective approaches to relieving the monetary weaknesses of the functioning populace. The areas and individuals to whom such government backed retirement plans apply have been a subject of much discussion starting from the beginning of the strategies in India. In 2020, the Social Security Code was sanctioned so as to alter and unite the regulations connecting with government managed retirement in India and to stretch out federal retirement aide to all workers, either in the coordinated or disorderly or some other area. This paper wanders into a point by point examination of the Code, meaning to spread out its striking highlights, new consolidations, lacunae, and how much the Code may essentially effectively reduce the impacts of financial shocks to poor people and the penniless of the country. The paper likewise expects to examine the different arrangements of the Code regarding the disorderly, gig, and stage laborers and looks to feature its different inadequacies.