Employees Provident Fund for Social security By Gender in Nepal

Abstract

This study entitled,"Employment Provident FundforSocial Security byGender InNepal" focuseson theroleEPF in social security in Nepal. The study analyzes socioeconomic situation of the respondents working EPF, explore the social security ofEPF by gender and to give suggestions for the better performances of EPF in socialNepal. Social security is one of the major issues of Nepal because current constipation2015 focused on the issue on social security. The study followed qualitative paradigm of research in nature of descriptive andanalytical research design. It analyzed the only social security based function of EPFon the view of the staffs have been working in Central office and Thamel branch ofemployment provident fund office. Both primary and secondary sources were used tocollect data from the field. The primary data were collected by the researcherpersonally, conducting field survey where as secondary data were collected from therelevant available materials such as books, journal, projects reports, and articles andso on. Data collection tools/ techniques besides interview schedule, information wascollected by observation of office environment, the working conditions, and behaviorsof the staffs. The data collected through various techniques and tools during thesurvey was analyzed in the subsequent chapter using both descriptive and statisticalmethods of analysis. The collected data were processed, classified according to theirnature and presented by applying simple statistical tools.Both primary and secondary source were used to collect data. Primarydata has beencollected fromthefield by using various tools of data collection on the basis of data ithas found various aspects of theEPF in term of social security based programs. Theresponsibility of EPF has been increasing day by day in Nepal.Around 3 Kharab(2.93).deposit had been collected in the fund from various government and nongovernment offices(KSH, Kosh, Visheanka, 2075). Recently Nepal government alsoannounce social security fund. That fund also provides the certain cash support in thename of social security. Amount of collected money in the pension fund should beinvested in mega projects suchas hydropower, fast track etc. So that the fund couldincrease its income.Implementing the defined contribution pension system or hybridpension system, pensioner should be provided pension after certain years (i.e. 2years).of retirement. For instance, if a worker retires at his/her age of 58, he/she couldbe paid pension from age of 60. Retirement age may be leveled up to 60 yearsfor civil servant. Government can extend the retirement age by two months for everyyear. In this situation, burden for public fund is lesser than other scheme. Providingfree health service in government hospitals to the family of workers and managingfree education to them, pension amount can be minimized