KATHMANDU, Nov 8: The Social Security Fund (SSF) has stated that it has collected over Rs 94.34 billion so far. The data covers the period from July 17, 2019 to November 3, 2025.
According to SSF Information Officer Roshan Koju, a total of Rs 94,341,380,300 has been deposited in the SSF. Of this, Rs 17.32 billion has already been disbursed to contributors as claim settlement.
The government launched the Social Security Fund on November 27, 2018, to ensure social protection for workers and their families. Initially targeted for the formal sector workers, the government later expanded its scope to include informal sector workers as well as Nepali migrant workers employed overseas.
Mostly workers engaged in industries, factories, brick kilns and the garment sector have enrolled in the state-run scheme while those working in banks, government services and large corporations have shown lack of interest to join the contribution-based social security system.
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As per the SSF guidelines, banks and financial institutions, companies and workers are required to be mandatorily listed under the Fund but they are yet to comply.
Employees must contribute 11 percent of their monthly income to the fund, while employers have to add 20 percent, making a total monthly contribution of 21 percent to each worker’s account.
The SSF provides services similar to the Employees Provident Fund and Citizen Investment Trust. The contribution-based scheme offers four types of benefits: medical, health and maternity security; accident and disability security; dependent family security; and old-age security.
The scheme aims to ensure social security rights for workers and extend social protection to employers as well. The Fund was initially established under the Social Security Fund Regulations, 2010. Following the implementation of the Contribution-Based Social Security Act, 2017, all activities are now guided by the Act and the 2018 Social Security Procedure.
A total of 25,98,636 contributors and 22,148 employers have been registered under the Fund till date.
According to Koju, the private sector has increasingly shown interest in joining the scheme. He said private organisations, associations and colleges have begun enrolling.
“It was initially difficult to make people understand the benefits. After we started providing services, people realised the value and began enrolling,” he said.
He added that organisations with around 1,000 employees are joining the scheme, with mid-sized organisations also showing interest. The number of enrolments is now significantly higher, he said.
The Fund has been expanding outreach and raising awareness of social security provisions while holding discussions with stakeholders from time to time.
