
Kathmandu, July 4: Contribution-based social security system will replace pension and gratuity for civil servants appointed from the upcoming fiscal year 2082/83.
The Ministry of Finance has issued a circular today to all ministries, regulatory bodies, public institutions, boards, committees and institutions asking them to make arrangements to implement the social security system.
The Ministry of Finance has also requested to inform that the Government of Nepal will not bear the liability created due to not implementation of the contribution-based social security system.
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