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🎯 Old Age Pension & Retirement Scheme

Your long-term financial security — monthly pension or lump sum Retirement Fund

⚠️ Pension Formula — UNVERIFIED — We Do Not Calculate Estimates Two conflicting pension formulas have been found in official and secondary sources:

Formula A: (Average basic salary of last 3 years × Total months contributed) ÷ 180
Formula B: (Total Contributions + Investment Returns) ÷ 160

We cannot verify which is correct. Do NOT rely on any calculator that shows a pension estimate. Contact SSF directly for your personal pension projection: ssf.gov.np · info@ssf.gov.np [Research verification pending — May 2026]

Pension Contribution Breakdown

Contributor	Rate	Goes To
Employee	8.33% of basic salary	Pension Fund
Employer	20% of basic salary	Pension Fund
Total to Pension	28.33%	Combined Retirement / Pension Fund
Note: The remaining 2.67% of employee contribution goes to medical (1%) + accident (1.4%) + dependent (0.27%)

Two Types of Benefit

📅

Monthly Pension (Age 60)

Requirements:
• Reached age 60
• Minimum 180 months (15 years) of contributions

Duration: Lifetime — for as long as you live

Inflation review: Every 3 years

[Source: Social Security Act 2074]

💰

Retirement Fund (Lump Sum)

Available: Any age, any time you leave a job

If you have less than 180 months at age 60: entire fund paid as lump sum.

Foreign workers: Can withdraw any time after leaving Nepal.

[Source: Operating Procedure 2075 · primelawnepal.com]

Important Age Gap

Labour Act retirement age: 58 · SSF pension age: 60 — a 2-year gap Under Labour Act 2074, mandatory retirement age is 58 years. But SSF pension only starts at 60 years. This means there is a 2-year gap where you may have retired but cannot yet draw your SSF pension. Plan accordingly. During this gap, your Retirement Fund (lump sum) is available. [Source: Labour Act 2074 · Social Security Act 2074]

Retirement Fund Loan (After 3 Years)

Borrow up to 80% of your Retirement Fund balance After 36 consecutive months (3 years) of SSF contributions, you can take a loan against your Retirement Fund balance — up to 80%. Below-market interest rate. Available even while still employed. [Source: SSF Investment Procedure 2077]

EPF to SSF Transition

Existing EPF balance remains at CIT If you had Employees' Provident Fund (EPF) before SSF: your existing EPF balance stays at CIT (Citizens Investment Trust) and continues to earn interest there. You are NOT required to transfer it to SSF. New contributions from your employer go to SSF only. You may optionally transfer your EPF loans to SSF. [Source: Social Security Act 2074]