Social Security schemes discussion has been a hot topic in Nepal over past few months from the day the notice of change in social security workflow 2075 was published by Social Security Fund on February 11, 2021.
Many employers and employees waited for its effect and response in return from the market. SSF officers conducted many virtual meetings and webinars and made it available on their Facebook page to inform and clarify about latest changes in workflow of contribution based social security schemes.The news about SSF ordering few "A" class commercial banks and few other industries to compensate family members of deceased employee as per SSF compensation plan grabbed a huge attention.
Many experts and advisors are now on medias talking about SSF, welcoming its improvement as well as complaining for its existing lag, unclear provisions and rules.
Many organization got listed themselves and started to contribute after understanding new provisions and clarifying their confusions. The cut off date of July 15, 2021 (Ashadh 31, 2078) for two different implication in Pension Scheme for contributors before and after the date is surely the main reason. And the budget announcement on May 29 added attraction to it by providing 2 months (Jestha and Ashadh 2078) contribution from government if regular contribution is made till Baishakh (Nepali month). SSF is also denying the possibility of extension of cut-off date from July 15, even the nation is in lockdown from April 29.
Since July 15 is very near, the job holders and employers should be well aware about the provisions in SSF for contributors contributing before and after this date.
I have tried here to compile major points in brief from SSF workflow 2075 which has been amended on 11th Feb.
https://www.slideshare.net/neetesh72/a-synopsis-report-on-social-security-schemes-of-nepal
