Present paper aims to discuss the Issues of Social Security and Citizenship pertaining to an elderly in Nepal. People of Nepal are deprived of social security benefit being devoid of the citizenship certificate. However, genuine and traditional and social and religious Janma Kundali, Chaurashi and Janko System are in existence in Nepal to verify the actual age of the elderly. Under the broad framework of the theory of Welfare state, the paper focused on issues of social security. Paper analyzes whether or not social security scheme in Nepal reflect the norms and values of the welfare state. Furthermore, paper analyze the aspect of micro level pros and cons of social security scheme and trace out systematic way to manage social security and citizenship program. Similarly, paper aims to analyze the spillover impact of social security benefit the family members of the beneficiaries. Paper manifests how social security benefit scheme can be managed to address the changing time and the circumstances. Similarly, paper analyzes how the social security benefit contributes in family integration in the age of capitalism. Applying capital theory of the Bourdieu this paper shows how economic capital enables elderly to gain social capital. Paper even shows how the social security benefits and tax system is interconnected with each other. Likewise paper directs policy makers to manage social security scheme reflecting the concern of the elderly. Paper analyzes whether the social security scheme is able to ensure social justice in Nepali context.