Global IME Retirement Fund Issues Urgent Fund Transfer Notice

8th June 2026, Kathmandu

Global IME Retirement Fund has officially issued an urgent public notice urging all affiliated business organizations and individual contributors to complete the fund transfer process.

Global IME Retirement Fund

The management has requested stakeholders to migrate their accumulated savings to legally approved retirement schemes within a strict 15-day timeline. This directive aligns directly with the mandatory provisions detailed inside the recent Economic Act 2082, which aims to standardize national retirement portfolios.

Mandatory Migration to Legally Recognized and Government Approved Retirement Schemes

According to the official circular distributed by the fund management, contributors are legally required to transfer their entire accumulated balances and accrued returns.

The capital must be relocated into one of the specialized, government-recognized retirement funds operating under relevant national laws before the fast-approaching end of Asar 2083.

The primary legally approved financial institutions authorized to receive these institutional fund transfers include:

• The Employees Provident Fund which handles long-term public and private sector savings
• The Citizen Investment Trust which offers diverse voluntary retirement investment plans
• The Social Security Fund which provides comprehensive workplace security and healthcare benefits
• Other legally certified pension and retirement management funds operating under active state regulations

This restructuring ensures that citizen retirement portfolios remain safely housed within well-regulated, centralized financial channels.

By streamlining the operating space, the regulatory authority can supervise asset allocations more effectively, protect employee interests, and reduce the systemic operational risks associated with fragmented, non-government retirement schemes.

Unlocking Immediate Advance Tax Exemptions Through Timely Document Submission

To encourage rapid compliance among its diverse user base, the retirement fund has highlighted a significant financial incentive regarding tax obligations.

Contributors who proactively execute their asset migration before the final Asar deadline will enjoy complete exemption from advance tax deductions on the transferred capital.

This temporary legal provision offers a valuable window for corporate workers to move their hard-earned retirement savings without incurring additional financial burdens.

However, this tax benefit is strictly time-bound. Failing to complete the verification paperwork within the assigned window could result in standard automated tax withholding, making it essential for workers to act quickly.

Requirements for Affiliated Corporate Organizations and the 15-Day Deadline

The administrative board of the Global IME Retirement Fund clarified that it had previously sent direct communications to various corporate partners regarding these structural updates.

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While several forward-thinking organizations have already completed the migration procedures, a substantial number of employers have yet to initiate the paperwork.

To avoid operational disruptions, all remaining affiliated business organizations are instructed to complete the following administrative actions:

• Formally select a preferred government-approved retirement fund that meets their staff needs
• Prepare and verify all necessary supporting employee documents and financial ledgers
• Submit a formal, consolidated fund transfer request within the next 15 days
• Deliver the compiled paperwork directly to the Anamnagar central office or via the official email channel

Employers must prioritize this workflow to ensure their staff savings are protected and transferred with minimal disruption.

Clear communication between company human resource teams and bank coordinators will help speed up the verification process, ensuring that employee data transfers accurately between systems.

Understanding the Risks of Non-Action and Automatic Institutional Transfer Decisions

The public notice includes a firm warning for organizations or individual contributors who fail to submit their transfer choices within the specified 15-day window.

If no official response or supporting documentation is received by the deadline, the Fund Management Committee will step in to resolve the accounts independently.

In such cases of non-action, the committee will make executive decisions in accordance with the strict mandates of the Economic Act 2082.

The fund management warns that the total savings balance, along with any active associated loan balances, may be automatically transferred to any of the approved retirement funds selected by the board. This automated fallback ensures that no account remains unaligned with the law by the end of the fiscal year.

Why Centralized Retirement Fund Governance Matters for the Financial Sector

This sweeping regulatory shift is intended to modernize the financial infrastructure of Nepal by improving retirement fund governance and strengthening regulatory compliance.

Historically, fragmented retirement pools often faced varying oversight standards, which sometimes compromised data transparency and the long-term protection of contributor savings.

By consolidating these assets into government-recognized entities, the state can enforce standardized benefit management across all commercial and public institutions.

This creates a safer, more transparent investment ecosystem that protects the retirement capital of the workforce. Moving toward centralized funds builds public trust in the national economy, reassuring everyday workers that their life savings are protected by clear laws.

For More: Global IME Retirement Fund