Social Security Fund SSF in Nepal 2080 (Updated)

What is the SSF System in Nepal?

The Social Security Fund (SSF) System in Nepal is a social security initiative implemented by the government with the aim of furnishing workers across different sectors with financial safeguards and humanitarian benefits.

In order to improve social and economic well-being and to address the requirements of both formal and informal sector employees, the SSF system was established. Mandatory contributions to the Fund are expected from both employers and employees.

The SSF system encompasses a diverse group of employees, including both formal and informal sector labourers employed in Nepalese industries, businesses, and enterprises.

Maternity benefits, old-age benefits, disability benefits, survivor’s benefits, and medical benefits are included in the benefits.

The Social Security Fund system in Nepal is governed by a legal framework that outlines the regulations, rules, and procedure governing contributions, eligibility requirements, and benefit distribution.

What legislation regulates the Social Security Fund in Nepal?

Regarding Social Security in Nepal, the Principal Governing Legislation is the Social Security Act, 2075 (2018). It outlines the rights and responsibilities of contributions, employers, and the fund itself, as well as the framework for the Social Security Fund’s operation.

In order to furnish comprehensive guidelines and procedures for the execution of the Social Security Act, distinct regulations have been established.

Is SSF Membership Required in Nepal?

In Nepal, participation in the Social Security Fund (SSF) is compulsory. The Social Security Act of 2017 established the requirement for compulsory participation in the SSF. The principal aim of mandating SSF contributions is to guarantee workers’ social welfare and security.

In order to obtain a comprehensive and all-encompassing coverage of workers, the SSF is compulsory. Additionally, it established a Financial Pool for the purpose of providing contributors with social security benefits.

Who has the authority in Nepal to register SSF?

The Employees’ Provident Fund (EPF), which is a part of the Ministry of Labour, Employment, and Social Security, is the authority in Nepal that is in charge of the SSF’s registration.

Assigning responsibility for the administration of the SSF and supervising the registration procedure for both employers and employees falls to the EPF.

What is the Procedure for Social Security Enlistment?

The registration of both employers and employees with the Employees’ Provident Fund (EPF), which manages the SSF, is a requirement for the Social Security Fund (SSF) enrollment procedure in Nepal. A comprehensive synopsis of the procedure follows:

1. Employer Registration

Employers must register with the Employees’ Provident Fund, which is a requirement. The establishment’s name, address, industry, and number of employees must all be provided as part of this registration. In accordance with the EPF’s guidelines, employers are obligated to provide the necessary documents.

2. Employee Registration

In accordance with the SSF, the employer is obligated to register individual employees subsequent to their registration. The employee registration process entails the provision of personal information pertaining to each individual, including but not limited to their name, date of birth, address, and citizenship particulars.

3. Provision of Contribution Particulars

 Employers are obligated to furnish the EPF with contribution particulars. This comprises data regarding the combined contributions of the employer and the employee. Generally, contributions are computed as a proportion of the wage of the employee.

4. Contribution Collection

In accordance with legal obligations, employers deduct the employee’s contribution and contribute themselves. The funds are subsequently gathered by the employer and transferred to the Employees’ Provident Fund in accordance with the prescribed period.

5. Social Security Number Provision

An individual Social Security Number is allocated to each employee following a successful registration process. It functions as the employee’s identification number within the SSF system.

6. Record Keeping

Employers are obligated to uphold precise documentation pertaining to contributions, employee particulars, and other pertinent data.

What documents are required to register an employer in Nepal?

Employers are typically required to submit the following documents for SSF registration in Nepal:

1. Documents proving incorporation or a business registration certificate.

2. The Permanent Account Number (PAN) of the organisation.

3. Particulars regarding the establishment, such as its name, address, and sector of operation.

4. Employees’ personal information is listed.

5. Information regarding employees’ salaries.

6. Any other pertinent documents pertaining to business.

What documents are required to register an employee in Nepal?

The following documents are mandatory for employee registration in Nepal:

1. Employee personal information, such as their name, date of birth, address, and citizenship information.

The PAN card of the employee 2.

3. Letter of employment or appointment contract.

4. Salary information and income documentation.

5. Any additional identification documents that the SSF may request.

What are the benefits of SSF in Nepal?

The following is a list of the benefits provided by the Nepal Social Security Fund:

1. Senior Citizen Allowance: Senior citizens who are Dalit or solitary women and who have reached the age of sixty, as well as other senior citizens who have reached the age of seventy, shall receive a senior citizen allowance in accordance with the regulations set forth by the Government of Nepal.

2. Destitute Allowance: Destitute citizens shall receive a destitute citizen allowance in a sum determined by the Government of Nepal as the social security allowance.

3. Incapacitated and Helpless Allowance: Citizens who are incapacitated and helpless shall receive an incapacitated and helpless sum in a sum determined by the Government of Nepal as the Social Security Allowance sum.

4. Provision of Assistance to Helpless Single Women: Unmarried women over the age of sixty who are considered helpless single women, excluding those who have not entered into a subsequent marriage following divorce, widows, or those residing following a legal separation, shall be eligible to receive an allowance determined by the Government of Nepal.

5. Deprived Single Women Under the Age of Sixty: In the case of helpless single women below the age of sixty, widows, individuals living upon legal separation, and those without a source of income, with an income below the threshold set by the Government of Nepal, and unable to work, they are eligible to receive the facility. Furthermore, they must not have entered into a second marriage following a divorce.

6. Disability Allowance: Citizens who are completely disabled shall receive a disability allowance in a sum determined by the Nepalese government as the social security allowance.

7. Child Nutrition Allowance: Extremely impoverished children and those on the brink of extinction who have not yet reached the age of five years, as determined by the Government of Nepal, shall receive a child nutrition allowance in a sum determined by the Government.

8. Tribal Members Allowance: Tribal Members Belonging to Tribes Endangered with extinction are eligible to receive a social security allowance in accordance with the guidelines established by the Nepalese government.

Conclusion

The Social Security Act, 2075 (2018) provides the primary legal framework governing the SSF, which is administered by the Employees’ Provident Fund, which operates under the Ministry of Labour, Employment, and Social Security.

For registration, employers are required to furnish a variety of pertinent documents, including business registration documents, PANs, establishment details, employee records, and salary information.

Other identification documents, including personal information, PAN cards, employment contracts, and salary data, are required for employee registration.

Senior citizen allowance, destitute citizen allowance, assistance for helpless and incapacitated individuals, assistance for helpless single women, disability allowance, infant nutrition allowance, and allowance for tribes on the verge of extinction are some of the benefits provided by the SSF in Nepal.

Disclaimer: This article is for informational purposes only and shall not be construed as legal advice, advertisement, personal communication or solicitation. Specific advice of professionals must be sought for each case.

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