The Legislature Parliament adopted the much awaited Contribution-based Social Security Bill on 24 July, 2017. Minister for Labour and Employment Farmullah Mansoor had presented the proposal seeking to pass the bill and majority of the parliamentarians approved it.
GEFONT has initiated to establish Social Security System for workers and lobbying to pass the Social Security Act since long time .
The Bill, after signed by the President Bidya Devi Bhandari will be implemented as the Social security Act. It has paved the way for the government to introduce contributory and non-contributory social security schemes. This means citizens who make financial contribution every month and even those who do not make any contribution will be entitled to certain benefits.
The contributory social security schemes are aimed at all those working in formal and informal sectors. These schemes will entitle one to unemployment, maternity, health, accident, old age and disability benefits. The contributory social security scheme also extends benefits to those who are denied payments by employers.
As per earlier agreement made between Government, Trade Union & Employer, workers have to contribute 10% & Employers have to contribute 20% in Social Security Fund.