Print Edition - 2017-07-25 | MONEY
Parliament passes Social Security Bill
Jul 25, 2017-
Parliament on Monday ratified the much-awaited Social Security Bill, laying the groundwork for implementation of a provision on ‘no work, no pay’ as envisaged by the new Labour Bill.
The Bill, which will soon be signed into law by President Bidya Devi Bhandari, has paved the way for the government to introduce contributory and non-contributory social security schemes. This means citizens who make financial contribution every month and even those who do not make any contribution will be entitled to certain
People, who do not make any contribution, for instance, can claim for unemployment allowance, and gain access to basic healthcare services and free education till secondary level. The government will also ensure housing and
food security for people who do not make any financial contribution.
The contributory social security schemes, on the other hand, are aimed at all those working in formal and informal sectors. These schemes will entitle one to unemployment, maternity, health, accident, old age and disability benefits. The contributory social security scheme also extends benefits to those who are denied payments by employers.
Published: 25-07-2017 08:12