Senior Vice President of FNCCI Chandra Prasad Dhakal stresses on need to address problems seen in social security fund system

28th Nov, 2021 | Tourism Mail Crew

KATHMANDU, Nov 28: Senior Vice President of the Federation of Nepalese Chambers of Commerce and Industry, Chandra Prasad Dhakal, said that the problems and challenges seen in the contribution-based social security system should be addressed.

Speaking at a program organized Saturday on the occasion of the 4th anniversary of the initiation of contribution-based social security system, he said that it was the common goal of all of us to develop good labor relations by guaranteeing social security and resolving labor sector problems.

Senior Vice President Dhakal said, “As the social security system is new to us, there are some practical difficulties in its implementation and although the listing process is slow, we should not be disappointed with the number of establishments and workers enrolled in the contribution-based social security system.” He hoped that the fund would be able to successfully advance the contribution-based social security system by considering the experience gained and the challenges seen in the implementation of the security system rather than deviating from it.

He also informed that about 16,000 establishments and 295,000 workers have been listed so far. Informing that the listed workers are also getting benefits from the social security fund, Senior Vice President Dhakal said that there is still a lot of confusion and lack of understanding about this system and that confusion should be removed. He said that many countries have experienced various practical difficulties in implementing social security system. He said, "We also have some problems now. We are of the view that all stakeholders should move forward to find a suitable solution to such problems."

He also urged the stakeholders to consider further reforms and modifications in the laws and procedures to make the contribution based social security system suitable and attractive to our own environment so as to end the existing disputes and dilemmas. He suggested that the current system of provident funds and allowances should be managed in the interest of the workers as much as possible and the facility plan for that should be made practical.