Phnom Penh—The launch of social security scheme on pension aims to ensure finance when people reach old age by providing decent income to the persons who contribute to pension scheme in order to stop the mutual spoon-feeding leading to the increase in the household expenses.
The new law on Social Security Schemes consists of 11 chapters with 107 articles by determining roles and duties of Social Security Regulator, Social Security Operator, Governing Body of NSSF, and Social Security Trustee Council that is the Investment Social Security Fund Institution in Cambodia; and it also prescribes the principles of social security schemes including Occupational Risk Scheme, Health Care Scheme, Pension Scheme, and Unemployment Scheme.
H.E. Pen Noreakvuth, Deputy Director of NSSF, hoped strongly that after the consultation workshop finishes, the participants will actively contribute to provide the important inputs additionally in a bid to better the implementation of pension scheme in private sector in Cambodia with effectiveness.
It’s certified that this consultation workshop above was held on 22 November 2019 at Dara Airport Hotel & Spa, Phnom Penh, and presided over by H.E. Pen Noreakvuth, Deputy Director of NSSF and Representative of H.E. Ouk Samvithyea, Delegate of Royal Government in charge as Director of NSSF, with the presence from Cambodian Federation of Employers and Business Associations (CAMFEBA), development partners and relevant institutions amounted to approximately 80 participants.