Two separate institutions to handle pensions of government employees
Kathmandu, Aug. 12 -- Two separate institutions will handle the pensions of government employees- civil servants, teachers, army and police-after the Cabinet on August 1 decided to appoint Employees Provident Fund to manage the contribution-based pension fund.
The Pension Management Fund has been managing pensions for the retired government employees, who were recruited before the introduction of contribution-based pension system in the last fiscal year 2018-19.
"We have already revisited the organisational set-up for managing such pension funds," said Sishir Dhungana, secretary at the Prime Minister's Office, who is also the chairman of the Employees Provident Fund. "We will now create a separate unit to manage and mobilise the funds t...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.