Govt ends pension, gratuity for new hires; mandates...

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Govt ends pension, gratuity for new hires; mandates contribution-based system

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KATHMANDU: The government is set to implement a contribution-based social security system for all government employees appointed from the upcoming fiscal year, replacing the traditional pension and gratuity system, according to the Ministry of Finance. In a circular issued to all ministries, Nepal Rastra Bank, Nepal Insurance Authority, Securities Board of Nepal, and all public […]

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