Social Security Fund Provide Direction Affiliate to Insurance Company

Rina Khatri

Kathmandu, Formal, Informal for the private sector working labor ”Initial New Era” bringing a provision to bank and financial institution whole of institution still who are not affiliate in social security fund given the direction to affiliate.

While preparing the social security fund lack of long lasting vision. Where from employee received facility would be decreased. Employee’s founding service and facility going to reduce. Blaming over the fund starting to cut the employee facility.

‘The Last time beauty and attractive social security receiver’ Bank, or Financial sector ‘s institutional and their employer to add those of plan more forcefully want to join social security fund in subject opposite of country’s imagination mission and vision. Previously office and in the road staying, relay and  hunger strike in the roads.

Social security fund bank and financial sector. may not still made an attraction accordance of fund now late half of dozen insurance company still not affiliated in the social security fund.

Government under the governing employment fund and civil investment fund. Therefore social security fund whole of the labor or employee may not making interest involve in the fund.

According to fund Asian Life, IME Life, Nepal Life, National Life, Prabhu Life, and Reliable Insurance Company obstinate to affiliation in fund inform that fund. Also saying the insurance company employee itself may not being attraction.

Fund one letter provide to insurance company. Within 15 day should be involve  given deadline by direction to affiliate in social security fund. Fund foreign worker fund directed compulsory bank and financial institution so involved fund.

Regarding to the labor affiliation in the social security fund circle of foreign employment. Health experiment institutions, Training and orientation, Insurance Company, Bank employee,

Migrated worker this information have given to the bank and financial institutions being a obstinate saying social security fund.

Nepal Insurance authority’s executive director Rajuraman Paudel said, social security fund already inform that to affiliate in fund. Collocation of act compulsory should be involves.

Not only the insurance company bank and financial institution acting employee in fund compulsory to affiliation not interested. Employee starting to struggle regarding to present structure may not with confidence.

Along with employment mutual fund, civil investment fund, haven’t not facility not having to the employee, Nepal Bank, Insurance, Micro finance, capital market or other financial sector acting around the 25 thousand employment are affiliation in organization.

Five years spent till to starting phase still not leaving to moving in the court from 5 year. When bank and financial institutional filled the case in the court Said, Fund’s spokesman Bibek panthi said. ‘According to fund regulation are guided labor act 2074’s article sub-article 52 employment fund amount would be account in social security fund. ‘ so, according to informally private sector all company compulsory should be affiliation. If not affiliate in fund, under the labor act will be take legal action.

In the Social Security Fund from the employee basically salary’s 11 % and from the employer along with 20% totally 31 % amount should be accounting in the fund managing by the labor act. Highly provided facility social fund than employment mutual fund, so with the fund not so, seeming desire with social fund. Cause of social security fund’s regulation last time bank or financial institutions aren’t affiliation.

Employment fund accounted additional employer health insurance facility, incident insurances, itself managing the in own regulation. And social security fund managing itself not provide the enough facilitation complaint by employer, and employee are not wishing to join in the social security fund.

Written by fund concept of social security fund’s own her provision is mismatch, 36% salary, tax should be paid, then, 31 % salary in the social fund should be account and how to employees daily live moves questions ?