Section 31: Functions, Duties and Rights of the Committee

1) In addition to the functions, duties, and rights mentioned elsewhere in this Act, the functions, duties, and rights of the Committee shall be as follows:

(a) To formulate policies related to the social security scheme,

(b) To offer suggestions to the Government of Nepal on matters of social security,

(c) To operate and manage the Fund by approving the social security scheme, budget, and program,

(d) To formulate the policy on investment and present it before the Government of Nepal for approval,

(e) To manage necessary funds to operate and manage various social security schemes in an appropriate manner,

(f) To coordinate and monitor the functions of the Executive Director,

(g) To maintain up-to-date records of the personal details of the enlisted workers, self-employed persons, and individuals in government service or drawing remuneration from the government fund,

(h) To carry out, or cause to carry out, a financial audit of the Fund regularly and an evaluation of the overall economic and financial condition of the Fund,

(i) To perform other necessary tasks to operate the social security scheme,

(j) To conduct programs to immediately provide employment to the workforce that receives the unemployment benefits,

(k) To identify additional areas of employment in the domestic labor market, and run programs to involve the workforce in employment extensively.

(l) To direct the distribution of identity cards to the contributors,

(m) To follow the directives of the Government of Nepal,

(n) To carry out other functions as specified.

2) The Committee may delegate some of its powers to the Committee chairperson, members, the sub-committee formed as per Section 38, or to the Executive Director or any other officer-level staff of the Fund.