General Federation of Nepalese Trade Unions (GEFONT)

Contribution to contribution based social security fund crosses 67.64 billion

A total of Rs 67.64 billion has been collected from 1.732 million workers in various sectors under the contribution-based social security scheme.

Of those registered in the scheme, 1.191466 million are foreign-employed workers. Out of the Rs 67.64 billion collected by the Social Security Fund from contributing workers, Rs 11.37 billion has been paid under four different schemes, said the fund’s spokesperson, Bibek Panthi.

The fund has currently received the highest payment of Rs 9.62 billion under the old-age security claim payment, and Rs 1.41 billion under the medical treatment, health and maternity scheme.

Similarly, Rs. 181 million and Rs. 151 million have been paid under the dependent family security scheme and the accident and disability security scheme, respectively.

So far, 19,710 employers and 1,732,354 contributors have been registered in the fund.