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May 1, 2073- The country's economy has been growing every year too unbearable burden of pension contribution-based pension system will be applied to the government and government has begun preparations. Retired employees, military, police, and teachers of the pension liability should have been increasing steadily every four years, the government has started to be doubled by choosing the option to apply this system has started homework.
Every 4 years, the pension liability has to be doubled. 206 9/16 billion state pension at 70, 23 billion in 070/71, 071/72 at 2 Rs 9 billion was spent. Four years later, in the fiscal year 2072/73 exactly four years to double the pension of Rs 32 billion is being spent.
Only about 7 percent of revenue every year for pension funds is being spent. 4 hundred and 75 billion this fiscal year is expected to rise, which is about 7 per cent of Rs 32 billion will be spent pensanamai.
Recently retired civil service pension shall number has reached 2 million 21 thousand 9 hundred 84. The average increase in quotas and the Nepalese ayusameta due to increasing pension liability is increasing every year.
In the coming years, the pension liability is increased to about 37 billion is expected to reach the Ministry of Finance officials. Face the problem of load shedding in the country every year is hardly more than 2 MW hydropower project to be built.
Armed Police Force established during the armed conflict, the army and police posts in Nepal has increased twice as federalism and the country will continue to grow because of employee posts in the coming days is to cover the pension liability is the state government reached the conclusion that the situation may not.
That is the reason the government contribution-based pension system, the government has started to implement the Ministry of Finance official said the exercise.
The cabinet decided to order the Ministry of Finance government pension fund being organized all service and contribution-based pension fund for government institutions to prepare the draft bill is tougher.
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