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SSB was established under the Social Security Act of 1954, which implemented a social security scheme covering employees working for firms employing over 5 employees, including state-owned, private, foreign and joint ventures. [3] The social security scheme is contributory, with 2.5% of contributions coming from the employer, 1.5% by the employee, and a capital investment by the government. [3 ...
Social security system in Russia. The social security system in Russia incorporates various forms of government support intended to provide adequate standard of living and improve the quality of life of the particular categories of citizens, including those from vulnerable groups.
Social Security Fund (SSF) Nepal ( Nepali: सामाजिक सुरक्षा कोष) was established in 2011 (7 Chaitra 2067 BS) according to the Social Security (Management Fund and Operation) Regulations, 2067 BS. [1] [2] It is governed by Social Security Act, 2018 (2075 BS). The Act requires every company/employer to enlist their name and its employees in the Fund.
Due to a demographic imbalance resulting from the accentuated increase in the elderly population, there has been a need to reform the social security system, which is allegedly in deficit due to the difference between the amount collected and the benefits granted, forcing the government to withdraw resources from other areas, such as health and ...
The Home Development Mutual Fund ( HDMF ), commonly known as the Pag-IBIG ( Pag tutulungan sa Kinabukasan, I kaw, B angko, I ndustriya at G obyerno) Fund, [a] is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable shelter financing for ...
National Employment Savings Trust (Nest) is one of the qualifying pension schemes that employers can use to meet their new duties. It was set up as part of the government's workplace pension reforms. Nest is a trust-based defined contribution pension scheme, run by a trustee (Nest Corporation) on a not-for-profit basis.
State Super is a superannuation fund in Australia that was established in New South Wales in 1919. It serves current and former government employees and public sector workers. As of June 2023, it manages close to $38 billion AUD in assets and has around 86,840 members. State Super offers retirement planning support, including seminars, interviews, and phone assistance, to its members. While ...
Social security in France. Social security ( French: sécurité sociale) is divided by the French government into five branches: illness; old age/retirement; family; work accident; and occupational disease. From an institutional point of view, French social security is made up of diverse organismes. The system is divided into three main Regimes ...