Updates On Social Security Protection Law And Cambodia's Pension Scheme

Following the passing of the Social Security Protection Law on 2 October 2019, the Cambodian Federation of Employers and Business Associations hosted a briefing and discussion on Social Security Protection Law and Pension Scheme for its members.

The Social Security Protection Law consists of 11 Chapters and 107 Articles and its main objective is to ensure income security for workers when they encounter social difficulties including unemployment, work-related accidents, disabilities and death etc.

Under this law, people working under both the public and private sectors are protected including those protected by the Labour Law. These include workers in the air and maritime sectors, domestic workers and the self-employed who are all protected and entitled to pension and other benefits.

Notably, according to Article 21 of the law, pension sources are drawn from the state, employers and National Social Security Fund members as well as from pools of donation and investments as determined under the law.

The discussion covers various topics including best practices and examples from regional and neighboring countries on public pension...