| Abstract: | The newly implemented Private Organizations’ Employees Pension, Proclamation No.715/2011
is one of the government’s efforts to bring social security and well being of citizens in particular
for the private organizations employees. Before the commencement of this proclamation some
private organizations were providing provident fund, which is a matching fund by employer and
employee, and other organization were not. After the start of the new pension scheme, all private
organizations were forced by law to implement the scheme for their employees. Non-
Governmental Organizations, which are categorized as private organizations in the
proclamation, are also starting this new pension scheme from June 2011, by asking their
employees to vote either to continue with their existing provident fund scheme or join the new
private organizations’ employees’ pension scheme. Those who joined the organization after June
2011 should be under the new pension scheme by default. Different reactions are observed from
employees on this new pension scheme, some welcome it and some are not happy with it. Hence,
this study tried to see the perception of employees towards this new private organization’
employees’ pension scheme in relation to various factors that influence perception. As employees
previous scheme coverage has its own contribution on the perception towards the new pension
scheme the study was conducted at Clinton Health Access Initiative where both Provident fund
and the new pension schemes are existing.
The researcher has used questionnaire for employees and structured interview discussions form
management of the organization. The study findings indicate that employees’ perception towards
the new pension scheme is mainly affected by lack of adequate information and explanation on
the contents of the new pension scheme. Other factors like individuals experience, life style,
situations and peers have also its own share on employees’ perception towards the new pension
scheme. Hence it is recommended to make an awareness creation programs for employees in an
organized manner and employer organization and government agency should look and work on
other situational factors, like for those project based employee, that influenced employees
perceptions. |
