Seventh Social Security Day being marked today

26 Nov, Kathmandu : The contribution-based social security scheme has reached the seventh year since its enforcement. The Seventh Social Security Day is being marked today amidst a programme where Prime Minister KP Sharma Oli is the Chief Guest.

The government had launched the contribution-based social security plan on November 27, 2018 and a meeting of the Council of Ministers on November 19, 2018 decided to celebrate the 11th of Mangsir every year as the Social Security Day.

The Constitution of Nepal has made provision of the right to social security to every citizen. The government has, through the Social Security Fund, already moved ahead the process of bringing all citizens under social security umbrella for the enforcement of the same right.

Around 1.8 million workers employed in the formal, informal, foreign and self-employment sectors have been enlisted in the Fund so far. One million 797 thousand and 640 workers, including 543 thousand 491 workers in the formal sector, 1 million 253 thousand and 615 people in foreign employment, 307 workers in the informal sector and 227 people in self-employment sector have been registered in the Fund as of Monday (November 25, 2024), Social Security Fund’s executive director Kabiraj Adhikari said.

The Fund has been operating medical treatment, health and maternity, accident and incapacity, dependent family member and old-age security schemes for the workers.

The Fund has so far reimbursed Rs 11.62 billion for claims under various social security policies to 180 thousand and 922 workers. The Fund has deposits of Rs 68.68 billion.