Logo of Phnom Penh Post newspaper Phnom Penh Post - Small businesses urged to register with NSSF

Small businesses urged to register with NSSF

Content image - Phnom Penh Post
NSSF director-general Ouk Somvithya at the recent NSSF monthly meeting. NSSF

Small businesses urged to register with NSSF

The National Social Security Fund (NSSF) has instructed its officials to focus on outreach to small enterprises and encourage them to register with the NSSF, noting that some of the businesses obligated to pay into the fund in its first month have been slow to do so.

NSSF director-general Ouk Somvithya told The Post on November 21 that the payment of contributions into the pension fund by the private sector has been delayed and the deadlines may be adjusted to allow more businesses to do so without penalty, in recognition of the fact that the establishment of the system is a big change for Cambodia.

“Because this is a new thing that the NSSF has just started, some businesses have not prepared the right documents or are confused about the rules. So in this opening period for the system, it may be delayed without punishment because we asked them to delay all payments now and we have just started the first stage so it all has to be implemented a little later,” he said.

The pension scheme for the private sector under the provisions of the Labour Law came into force in October, with registered businesses mandated to pay contributions of four per cent into the NSSF each month – two per cent deducted automatically from employees’ salaries and two per cent matched by the employer.

However, as of November 21, there were still some businesses that had not completed their obligations due to some technical issues, according to NSSF deputy director-general Heng Sophannarith.

With this delay, Sophannarith stressed that all businesses that are obligated to pay pension contributions must fulfill their obligations by the due date as they have been given extra time to arrange things without any penalties.

“Actually, the process of paying the contributions is going well, but we just started it, so maybe some businesses prepared the wrong documents, which are always sent back and forth or because their calculations were not correct, and so on. Regardless, these businesses are required to pay contributions to the NSSF, even though they will come in a little late for the first month,” he said.

At the recent NSSF monthly meeting, Somvithya instructed his officials to encourage small enterprises to register with the NSSF in order to protect the benefits and rights of their workers as well as to make sure they clearly know how to use the NSSF services to get care at health facilities.

As of October, there are 1,466,725 employees from more than 13,300 businesses registered in the NSSF system.


  • Cambodia maintains 'Kun Khmer' stance despite Thailand’s boycott threat

    Cambodia has taken the position that it will use the term "Kun Khmer" to refer to the sport of kickboxing at the upcoming Southeast Asian (SEA) Games, and has removed the term Muay from all references to the sport. Despite strong reactions from the Thai

  • Artificial insemination takes herd from 7 to 700

    Some farms breed local cows or even import bulls from a broad for the purpose of breeding heavier livestock for meat production. One Tbong Khnum farmer has found a more efficient way. Hout Leang employs artificial insemination to fertilise local cows. Thanks to imported “straws”

  • Chinese group tours return to Cambodia starting Feb 6

    Cambodia is among 20 countries selected by Beijing for a pilot programme allowing travel agencies to provide international group tours as well as flight and hotel packages to Chinese citizens, following a three-year ban. As the days tick down until the programme kicks off on February 6,

  • Capital-Poipet express rail project making headway

    The preliminary results of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway indicate that the project would cost more than $4 billion and would take around four years to complete. The study was carried out by China Road and

  • Thai boxers to join SEA Games’ Kun Khmer event

    The Cambodian SEA Games Organising Committee (CAMSOC) – together with the Kun Khmer International Federation (KKIF) and Khmer Boxing Federation – have achieved a “great success” by including Kun Khmer in the upcoming biennial multi-sports event on its home soil for the first time, said a senior

  • Bullets to bracelets: Siem Reap man makes waste from war wearable

    Jewellery is often made from valuable gemstones like emeralds or diamonds and precious metals like gold or silver, or valueless things like animal horns. But a man in Siem Reap has approached the manufacture of delicate pieces from a different angle. His unique form of