Employees of BFIs and insurance companies demand govt to amend schemes in Social Security Act

Published On: June 25, 2021 06:30 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, June 25: The trade unions affiliated to various 29 banks and financial institutions (BFIs) and insurance companies have said that they will not be involved in the Social Security Fund (SSF), an ambitious program enforced by the government, unless there are amendments in the schemes maintained in the SSF.

Issuing a joint press statement on Thursday, the workers’ associations have demanded the government to fulfill their 15-point wish lists if they are to be made part of the SSF.  The government is making it mandatory for organizations to become part of the SSF from the next fiscal year. However, the tussle between the government body and the private sector organizations has surfaced for the past few months citing ‘‘unfair’ provisions in the laws.

The workers of the BFIs and insurance companies have been blaming the government authorities for imposing the rule unilaterally without taking into consideration the benefits of employees concerned. The unions have demanded the government to ascertain through amendment of the Social Security Act 2018 not to reduce any kinds of facilities that they have been receiving for years.

The employees also blamed the government for ignoring the property rights ensured by the Constitution. They criticized the government for turning jealous of good facilities that  employees of the banking sector are receiving.      


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