Nepal’s Social Security Fund (SSF) has collected Rs 129.64 billion from 3.24 million contributors as of mid-October this year, according to the Fund.
Of the total contributors, 2.45 million are from the foreign employment sector, accounting for around 75 percent. The formal sector has 790,083 contributors, while participation from the informal and self-employed sectors remains low, with 1,168 and 1,492 members respectively.
The SSF collects 31 percent of an employee’s basic salary, including 11 percent from employees and 20 percent from employers. It plans to invest in hydropower, transmission lines, renewable energy and industrial projects.
