Social Security Fund (Nepal)
From Wikipedia, the free encyclopedia
Social Security Fund (SSF) Nepal (Nepali: सामाजिक सुरक्षा कोष) was established in 2011 (7 Chaitra 2067 BS) according to the Social Security (Management Fund and Operation) Regulations, 2067 BS.[1][2] It is governed by Social Security Act, 2018 (2075 BS). The Act requires every company/employer to enlist their name and its employees in the Fund.
| सामाजिक सुरक्षा कोष | |
| Agency overview | |
|---|---|
| Jurisdiction | Government of Nepal |
| Headquarters |
|
| Website | https://ssf.gov.np |
The SSF is an affiliate body of the Ministry of Labour, Employment and Social Security (MoLESS).[3]
Board of Directors
A 13-member tripartite board of directors has been formed under the chairmanship of the Secretary of the Ministry of Labor and Employment of the Government of Nepal for the management and operation of this fund in which there are representatives of government agencies, employers and trade unions.[4]
Affiliates
Contributors
The fund currently has 18519 registered employers and 999806 registered contributors.[7]
Contribution amount
| Contributors | Contribution Heading | Contribution Rate
(Of Basic Remuneration) |
|---|---|---|
| Employee | Pension Fund | 10% |
| Social Security Tax | 1% | |
| Total Employee Contribution | 11% | |
| Employer | Pension Fund | 10% |
| Gratuity | 8.33% | |
| Additional Contribution | 1.67% | |
| Total Employer's Contribution | 20% | |
| Total Monthly Contribution at SSF | 31% | |
Benefits
- Medicine, health and maternity protection plan
- Accident and Disability Safety Plan
- Dependent Family Protection Scheme
- Old age protection plan