Page 70 - KDU Law Journal Volume 4 Issue 2

KDU Law Journal Volume 04 Issue II
September, 2024
bearing by the SSF, its continued efforts and enhancing governance
are leading the path for acknowledging the value of work and the
value of the life of workers and their dependents through which
employee registration and stakeholders’ involvement is increasing
every year. The reduction in the poverty gap from twenty-five per
cent in 2011 to just over 20 per cent in 2023 is one of the positive
outputs of a contribution-based social security program, too.

In a nutshell, the CBSSA, 2017, and SSF in Nepal represent a
significant step towards providing social protection to workers and
their dependent families, contributing to broader social and economic
development goals. Despite having certain challenges, the social
security protection system in Nepal has covered a wider scope, and
its effectiveness has dependent on factors such as implementation,
enforcement, and coverage to informal economy sectors’ workers,
which have indicated to enhance its impact on improving the living
standard of workers and also establishing this system as a carter of an
egalitarian and socialist-oriented economy.

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