The Employees’ Old-Age Benefits Institution (EOBI) is the pension, old age benefits and social It came into formation in , through the passage of the Employees’ Old-Age Benefits Institution Act of by the Parliament of Pakistan , As per EOBI rules, parents of the unmarried employee gets pension for 5 years in. This presentation is about the EOBI Act as applicable in Pakistan. A part of labour laws. Law deals about old age benefits and invalidity. Employees’ Old-Age Benefits Act, Applicable by Notification 1(4)(ii). Federal Govt. may apply EOBI Act to any establishment (even with less than 5.
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The highups of the EOBI should increase the pension amount to a reasonable level so that old couples may survive honourably. Please support us by taking a moment to turn off Adblock on Dawn. Updated December 30, Prisoner accord If Pakistan hopes to bring back to own prisons people sentenced abroad, it is even more reason to reform jail system. Retrieved 9 August Dear reader, online ads enable us to deliver the journalism you value. A contribution equal to 5pc of the minimum wages is being paid by employers of all industrial and commercial organisations where the EOBI Act is applicable.
Number of employers and employees registered with EOBI grew since its inception in Amendment of section 37, Act XIV of Also, provincial employees lose the health insurance benefit the moment they retire from the work which is the time they need the health insurance benefit the most.
Updated December 30, Pressure on the press A government-controlled body to run the affairs of newspapers is not in sync with the modern concepts of rule. This contribution constitutes half of the total contribution while remaining half comes from the Government of Pakistan.
Pakistan is once again at a critical juncture of political transition.
Amendment of section 8, Act XIV of However, corruption in the deal has eroded away all the hopes of profits. An insured person typically becomes eligible to get aact after reaching the age of 60 and completing 15 years of insured service.
In the wake of inflation, it is not less than a joke to expect an old couple to survive with Rs3, a month. The Industrial Relations Advisers. ICC punishes Mickey Arthur for showing ‘dissent’ after controversial decision.
Retrieved from ” https: This page was last edited on 30 Novemberat Employees’ Old-Age Benefits Institution provides following benefits to the insured person or its survivors. Pakistan must own the FATF project. Amendment of section 9, Act XIV of Read more New year celebration.
Pakistan Muslim League Ch. ONE has to look harder and harder to discern the economic message and direction of the government. The details of participating employers, insured employees and beneficiaries are given in the table below.
To increase its financial resources, the EOBI attempted to purchase cheaper land with the hope its prices would increase and the organisation will be benefited.
EOBI operates on the partially funded basis. Pakistan federal departments and agencies Age pension systems Government of Zulfikar Ali Bhutto establishments in Pakistan Government agencies established in Pensions in Pakistan. Provided that checking of record in case of those employers who have not opted for Self-Assessment Scheme shall only be done once in a year, with fifteen day’s prior notice, by an officer not below the rank of Assistant Director.
As per numbers there are over 2 lakh beneficiaries of these scheme. The details of the beneficiaries are given in the table below.
Amendment of section 23, Act XIV of Views Read Edit View history. It is estimated that the fund will be completely exhausted by It is said that the main culprit, who is responsible for the alleged corruption in the deal, is absconding along with the money. Amendment of section 21, Act XIV of In addition to the contribution from employers, employees and government, EOBI invests in profitable projects to generate income for providing pension.
Dawn picks the minds of movers and shakers to spot potential drivers and project trends in key economic indicators. Amendment of section 22, Act XIV of Nuclear development Nuclear energy development Project Uranium enrichment programme Plutonium reprocessing programme Chagai Hills Ras Koh Hills Inaugurating first atomic power plant Radiation health services Establishing Pakistan nuclear industry.