What is SSF?

SSF stands for Social Security Fund. It is a Public Fund that was established by the Government of Nepal with the intention of providing Social Security Benefits to Workers in the Formal Sector, including Retirement Pension, Medical Care, Maternity Benefits, etc.

Is SSF Compulsory in Nepal?

The Social Security Fund Program has, in fact, been mandatorily enrolled by businesses. Companies that are incorporated subsequent to 2076 B.S. are obligated to enroll immediately upon their incorporation. Prior to 2076 B.S., Companies were required to be enrolled.

What is the law regarding SSF in Nepal?

The Social Security Act of 2018 (2075) regulates SSF. Eligible Groups for Additional Social Security Benefits, Including Disabled Groups and Unempowered Female Groups, have been specified by the Act

What is the authority for SSF Registration in Nepal?

The Office of Social Security Fund under the Ministry of Labor, Employment and Social Security is the major Authority for the Registration to the Fund. Individuals registering for the First Time will be required to access the Portal through: SSF Registration Online Portal

The Government has classified the Registration for Social Security Fund into Two Major Categories: For the Employee and For the Employer. Following is the Detailed Guide to both:

SSF Registration for Employer

Employer is first required to register the Existing Business or Company into the Module of SSF.

What is the Process of apply for SSF for Employer?

The Process of Applying for SSF as an Employer are as follows:

Step 1: Register Name Under SSF Online Portal

The First Step requires the Employer to Register the Name of Their Company or Organization in the Official Online Portal of the Social Security Fund, which can be accessed at https://ssf.gov.np.

Step 2: Submit an Online Application Form to SSF Portal

Once your company is registered on the SSF online portal, you will need to submit an online application form. In the Form, the Relevant Details and Information about the Company must be filled up.

Step 3: Issuance of SSF Certificate

After submitting the online application form and fulfilling any other requirements set forth by the SSF authorities, you can expect to receive an SSF certificate within 2 Days.

What are the Documents required for SSF Registration for Employer?

1. Company Registration Certificate from Office of the Company Registrar
2. Certificate of Permanent Account Number (PAN)/VAT
3. Application to the Office of SSF
4. Relevant Details of the Employer

SSF Registration for Employee

After the Registration of the Employer into the Social Security Fund Mechanism, the Employees must be registered within 3 Months of validation.

What is the Process of applying for SSF for Employee?

The Process of Applying for Employees are as follows:

Step 1: Access ssf.gov.np

The Employer must access the Official SSF Online Portal mentioned above.

Step 2: Register New Employees

Thereafter, they must Login through the Username, Password and the SSID conferred by the Organization. Thereafter, they must mention the relevant details of the Employees along with the Required Documents.

Step 3: Completion of Registration

After completing the registration process and providing all required information, employees can anticipate receiving confirmation of their registration with the SSF.

What are the Documents required for SSF Registration for Employee?

1. Basic Details and Information of the Employee
2. PP Size Photo of the Employee
3. Valid Government Identification
4. Certificate of PAN
5.  

What is the cost of SSF Registration?

The Cost for Registration of a Company into the Social Security Fund Mechanism is Free to this Date. However, if a relevant Service Provider is tasked with such Registration, then, they can charge the Relevant Amount.

What are the Benefits of SSF in Nepal?

The Benefits of SSF in Nepal are as follows:

1. Entitlement to Social Security

Because of the Establishment of Social Security in Nepal, Employees are entitled to received a Certain Sum of Money after leaving the company or retiring thereof.

2. Security for Employer and Employee

Both the Employer and the Employee get a sense of Fiscal Security after the registration into the Official Portal of SSF.

3. Additional Allowances

According to the Notification Gazette, employees are obligated to contribute approximately 31% of their Basic Salary to the Social Security Fund. This proportion consists of 10% Provident Fund and 1% Social Security Tax for Employees. Employer must also contribute 10% of the Provident Fund, 8.33% of the Gratuity, and 1.67% of the Medical Insurance premium.