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...