• Monday 19th August 2019

Social Security

  • Published on: December 12, 2018



  • BY MODNATH DHAKAL

    Prime Minister KP Sharma Oli addressing the special programme organised to unveil the Social Security Scheme, in Kathmandu, on Tuesday, November 27, 2018. Photo: RSS

    The government announced contribution-based social security schemes for the workers of all organised sectors.
    Prime Minister KP Sharma Oli announced the scheme amidst an extravagant event on Tuesday announced the scheme
    The entire city was littered with the posters of the event as they were pasted in every pole standing in the city.
    Launching the scheme, PM Oli said that the country was ushered in a new era with the new system that guaranteed welfare to all workers even when they lost the job.
    The new programme includes pension or gratuity, workplace accident insurance, health check-up, maternal security plan, and various facilities of the dependents of the worker.
    Under the scheme, the employees will contribute 11 per cent from their salary to the Social Security Fund, and the employers will send money equal to 20 per cent to the fund.
    So, money equal to 31 per cent of a worker’s salary will be deposited into the fund and all the social security functions will be covered by the money. If there is any shortage of money, the government will contribute in the fund through the budget announcement.
    The contributory social security programme is expected to boost the confidence in both the employers and employees.
    The Prime Minister said the move was to correct the culture to provide respect and money to government employees and neglect the workers of private sectors.
    The state gives equal treatment to all its citizens but it may vary according to their age group since a child needs care, education and health, youth needs opportunity and employment as per their qualification and skills, and adults and senior citizens need respect and security, he said.
    Minister for Labour, Employment and Social Security Gokarna Bista also addressed the function. He said that the new scheme had created an environment where workers could work efficiently without worrying about their future and families, and employers could invest confidently.
    The government said it will observe Mangsir 11 every year as the Social Security Day.
    The private sector also welcomed the new initiative and said that the effective implementation of the scheme was challenging.

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