Social Security Fund collects Rs 95.44 billion from contributors

KATHMANDU: Six years since its establishment, the Social Security Fund has collected a total of 95.44 billion from its contributors.

According to the Fund, the amount was collected from its 2.64 million plus contributors of 22,309 listed enterprises.

Likewise, the Fund has settled the claims of Rs 17.64 billion so far. As shared by the Fund, Rs 2.51 billion was paid for medical expenses, Rs 228.6 million for accidents and disabilities, and Rs 290.7 million from the dependent family security scheme.

It shared that more than Rs 14.6 billion was paid for the retirement claim scheme.

Effectiveness of the Fund has improved as the foreign migrant workers should mandatorily participate in the contribution-based social security system.