When was the inauguration of a computer system prepared by the Employees' Reserve Fund for retirement-based retirement programs?
- The Fund made this computer system in preparation for the operation, with the responsibility of implementing a contribution-based pension scheme for all Government Service Officers appointed from 2020 Shrawan 1. In addition, the fund said that other necessary structural, procedural and systemic preparations were completed.
- This organization was established on Bhadra 31 in 2019 as per the Employees' Reserve Fund Act - 2019.
- Employee reserves currently have more than 345 billion rupees of financial resources of about six million accumulators. With this amount, the fund is providing special facilities like special, educational, home, home repair, and accumulator simple cycle loans to meet the needs of the accumulator.
- Likewise, maternity care, alimony expenses, accident compensation, and accumulation fundraiser health insurance programs have been started by raising social security funds from the profits.
- The Fund has invested heavily in various hydropower projects promoted by various hydropower company Upper Tamakoshi and Chillime Hydropower Company for infrastructure development in the country. Similarly, Karnataka has invested in Nepal Airlines Corporation to buy aircraft.
- The fund has also begun the process of building the Karnali Hydropower Project, with most of the shares being owned by the proprietors.
Source Gorkapatra
