Logo of Phnom Penh Post newspaper Phnom Penh Post - PM announces plan for social security system

PM announces plan for social security system

Prime Minister Hun Sen speaks at the inauguration of the National Social Protection Policy Framework yesterday in Phnom Penh. Photo supplied
Prime Minister Hun Sen speaks at the inauguration of the National Social Protection Policy Framework yesterday in Phnom Penh. Photo supplied

PM announces plan for social security system

Prime Minister Hun Sen yesterday announced that the government has plans to have a functioning social security system operational in the country by 2025, including universal health care, unemployment insurance and old-aged pensions.

Speaking at his Peace Palace office building in Phnom Penh, the premier said the government’s National Social Protection Policy Framework 2016-2025 would attempt to expand upon the country’s existing – but limited – social security programmes.

In his speech, Hun Sen said pregnant women and the disabled would be the first to benefit from the new policy.

“I think we should prioritise this point. For example, how much a pregnant woman should receive per month and for how long we are going to assist her during and after her pregnancy,” he said. “We need to think about them during their pregnancy.”

Pregnant women should be covered by next year, he said.

According to a document on the new policy, the new uniform national social security system would create a system covering five areas – pensions, health insurance, employment injury insurance, unemployment insurance and disability insurance.

It said that Cambodians would be encouraged to save parts of their incomes into pension schemes while they are of working age but that the government would also consider making contributions into the scheme on behalf of the poor.

The Council of Ministers approved the policy in March and a “Safety Net Council” was created to oversee its implementation. May Vann, director of the Finance Ministry’s Department of Industry and Finance, said most of the specifics of the policy still need to be figured out but would be operational by 2025.

MOST VIEWED

  • South Korea’s first lady brings hope to ill boy

    South Korea’s first lady Kim Keon-hee – wife of current president of the Republic of Korea, Yoon Suk Yeol – met with a 14-year-boy with congenital heart disease during her trip to the Kingdom for the ASEAN Summit. After their meeting it was announced that the

  • Hun Sen gets Covid, shuns G20, APEC summits

    Prime Minister Hun Sen said he has tested positive for Covid-19 in Indonesia, where he is slated to attend the G20 summit in his capacity of the ASEAN chair. In a social media post addressing the Cambodian public, he said: “Before leaving Cambodia, I always

  • Moody’s sets outlook rating to ‘negative’ for Cambodia

    US global rating agency Moody’s Investors Service Inc on November 15 announced that it downgraded Cambodia’s outlook from “stable” to “negative” and maintained its B2 local and foreign currency issuer ratings. “The negative outlook reflects a deteriorating external position as illustrated by the severe

  • Hun Sen’s Covid infection caused by ‘weakened antibody’ after summit

    Prime Minister Hun Sen said exhaustion from heavy workload before and during the recent ASEAN Summit may have led to him contracting Covid-19 due to his weakened immune system, while rejecting speculations that the infection was caused by leaders of some countries who did not

  • Korean first lady paves way for ill boy’s surgery

    A 14-year-old boy with congenital heart disease who was lucky enough to meet with South Korean first lady Kim Keon-hee may get the chance of a lifetime and receive surgery and treatment at Asan Medical Center in Seoul, South Korea. After seeing his plight, many

  • Kingdom’s rice crowned world’s No1

    Cambodia’s Phka Rumduol jasmine variety has been crowned the World’s Best Rice for the fifth time at the TRT (The Rice Trader) World Rice Conference in Phuket, Thailand on November 17, according to leaders of the Kingdom’s apex rice industry body. Phka Rumduol