Kathmandu. From the fiscal year 2082/83 BS, people getting government jobs will not get pension. The Ministry of Finance has taken a decision to implement contribution-based social security instead of pension and gratuity from the next financial year.
The Ministry of Finance has written to nepal rastra bank, nepal insurance authority, securities board, khumaltar, public institutions (45, all) and all boards/ committees/ establishments.
The Government of Nepal has implemented the “Contribution-Based Social Security Act, 2074” and the “Pension Fund Act, 2075” for government employees to provide social security to employees, laborers and other people.
Accordingly, although the Government of Nepal has implemented contribution-based pension system for government employees since 2075 BS, the practice of providing pension and gratuity facilities to some regulatory bodies, institutions, boards, committees and establishments still continues. According to the policy adopted by the Government of Nepal, the agencies that are in loss and have to depend on the resources of the Government of Nepal and not their own resources are creating long-term liabilities in the state exchequer due to the lack of necessary arrangements for the payment of long-term liabilities of the employees after retirement from the public establishments. ’
Such is the ministry’s decision
1. Implement contribution-based social security system instead of pension and gratuity to the employees to be appointed from the next financial year 2082/83.
2. All ministries should make necessary arrangements to implement contribution-based social security system instead of pension and gratuity to the employees to be appointed in the concerned bodies from the next financial year 2082/83.
3. Inform that the Government of Nepal will not bear the responsibility created due to non-implementation of contribution-based social security system.
प्रतिक्रिया दिनुहोस्