The Government of Nepal has framed the Contribution Based Social Security Regulations, 2018 (2075) by exercising the power conferred to it under Section 69 of the Contribution based Social Security Act
The Social Security Regulations has prescribed certain matters as required by the Social Security Act. Such matters include (a) the procedure for participation in Social Security Schemes (b) registration of the employer and employee with Social Security Fund (SSF) (c) operation of fund, etc.
The law requires all employers are required to be registered with the Social Security Fund. Upon enrollment of employers, they are required to enroll their employees with the SSF within 3 months. The Social Security Fund has introduced the following Social Security Schemes:
(a) Medical Treatment, Health and Maternity Protection Scheme
(b) Accident and Disability Protection Scheme
(c) Dependent Family Protection Scheme and,
(d) Old Age Protection Scheme
The Employer and the Employees are required to contribute certain amount of the employee’s basic salary each month to the Social Security Fund. The rate of contribution is as follows: Employer (20%), and Employee (11%) making a total of 31%.