Social Security Fund

Date Shared:

Friday, October 11, 2019 - 16:07

Countries and areas:

Nepal

GCM Thematic Cluster Areas:

Objective 21: Cooperate in facilitating safe and dignified return and readmission, as well as sustainable reintegration

Objective 22: Establish mechanisms for the portability of social security entitlements and earned benefits

Contributors:

Business

Member States

Chairmanship:

Ecuador 2019

Geographical Relevance:

National

Tags:

Portability of Social Benefits, Return and Reintegration

Summary:

Nepal in 2018 introduced a social security scheme to protect and secure employees working in the formal private sector. The contribution-based social security scheme is funded through the contributions made by the workers and the employers.

Every month, tens of thousands of private sector workers and their employers contribute to a common fund which will help needy workers get financial support. Returning migrants can also pay contributions to this Fund and benefit from social entitlements.

Link:

For more information, see:

GFMD Source:

GFMD 2019 - Background Paper RT 3.2 "Harnessing migration for rural development"