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Social Security in Nepal

Social Security in Nepal

Advancing Nepal’s Social Security Framework: A Regulatory Overview

In a pivotal stride, the Government of Nepal introduced the Contribution-Based Social Security Regulations in 2018. Exercising authority under Section 69 of the Contribution-Based Social Security Act, these regulations meticulously detail crucial aspects outlined in the Social Security Act.

Social Security Regulations: Key Aspects

Consequently, these regulations encompass vital elements mandated by the Social Security Act. They distinctly define procedures for participation in Social Security Schemes, guide employer-employee registration with the Social Security Fund (SSF), and systematically oversee fund operations.

Operational Directives for Social Security Schemes

Operating under Section 10 of the Social Security Act, the Social Security Fund formulated Operational Directives. Crucially, these directives gained approval from the Ministry of Labor, Employment, and Social Security on November 22, 2018. They now serve as the governing framework for the effective implementation of Social Security Schemes.

The expansive spectrum of Social Security Schemes is subject to various laws, regulations, directives, and notifications. Key legal sources encompass the Labor Act, Labor Regulations, Contribution-Based Social Security Act, Social Security Regulations, and the Gazette Notice Requiring Enrollment of Employers to the Social Security Fund.

Mandatory Employer Enrollment: Timely Procedures

Undoubtedly, the Enrollment Gazette Notice mandates employer registration within specified timelines, contingent on their regional location. The strict adherence to these timelines is crucial as it not only sets the stage for subsequent employee enrollment within three months after employer registration but also ensures the seamless implementation of social security measures.

Comprehensive Social Security Schemes

Markedly, the Social Security Fund introduces a multifaceted array of schemes. These encompass medical treatment, health, and maternity protection; accident and disability protection; dependent family protection; and old-age protection.

Contribution Dynamics: Employee-Employer Partnership

In this dynamic partnership, both employees and employers play pivotal roles as contributors to the Social Security Fund. A specified percentage of the employee’s basic salary is dedicated to fostering a robust social security ecosystem.

Transitioning to Active Voice and Incorporating Transitions

These groundbreaking regulatory advancements signify Nepal’s unwavering commitment to fortifying its social security landscape. The overarching aim is to ensure comprehensive coverage and protection for its workforce in alignment with international best practices.