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A social security system based on contribution will be applied instead of pension and gratuity to the employees who will be appointed from the next financial year 2082/083.
Today, the Ministry of Finance issued a circular to all ministries, regulatory bodies, public institutions, boards, committees and institutions to coordinate the implementation of the social security system.
The Ministry of Finance has also requested to inform that the government of Nepal will not bear the liability created due to not implementing the contribution-based social security system.
Now, to provide social security to employees, laborers and other people, the 'Plan Based Social Security Act, 2074' and the 'Retirement Fund Act, 2075' for government employees are being implemented . According to which social security system based on contribution was implemented from 2075.
