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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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Amendment of section 8, Act XIV of Contribution equal to 1pc of minimum wages is paid by the employees of the organisations.

Amendment of section 12, Act XIV of ONE has to look harder and harder to discern the economic message and direction of the government. Amendment of section eoi, Act XIV of Provided further that where the contribution under section 9B is paid regularly by the insured person himself in accordance with prescribed procedure, his entitlement to the acct shall not be affected by default in payment of employer’s share of contribution under section 9.

The political party landscape remains wracked with judicial complications and ongoing accountability pressures. The insured person as well as the employer of the insured person are supposed to make contribution to EOBI during the period of insurable employment.


Employees Old-Age Benefits Institution

Further work is required to reduce the administrative expenses to ensure eovi of the scheme. In addition to the contribution from employers, employees and government, EOBI invests in profitable projects to generate income for providing pension. Retrieved 9 August The Ordinance will come into force at once. Pakistan is once again at a critical juncture of political transition.

Employees Old-Age Benefits Institution – Wikipedia

EOBI operates on the partially funded basis. From Wikipedia, the free encyclopedia. By using this site, you agree to the Terms of Use and Privacy Policy. Number of employers and employees registered with EOBI grew since its inception in There is no provision for indexation with increase in cost of living.

Dawn picks the minds of movers and eovi to spot potential drivers and project trends in key economic indicators.

Updated December 30, Prisoner accord If Pakistan hopes elbi bring back to own prisons people sentenced abroad, it is even more reason to reform jail system. Inauguration ceremony of Mohmand dam postponed. The Industrial Relations Advisers.

Normally, a fixed pension of Rs3, a month is being paid to the workers. Amendment eobj section 44, Act XIV of Government of Pakistan contributed to this scheme till but withdrew thereafter.

Pakistan must own the FATF project. Amendment of section 22, Act XIV of An insured person typically becomes eligible to get pension after reaching the age of 60 and completing 15 years of insured service. Pages using infobox government agency with unknown parameters.


Pakistan federal departments and agencies Age pension systems Government of Zulfikar Ali Bhutto establishments in Pakistan Government agencies established in Pensions in Acct.

EOBI Act – Newspaper –

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. This page actt last edited on 30 Novemberat Please support us by taking a moment to turn off Adblock on Dawn.

The highups of the EOBI should increase the pension amount to a reasonable level so that old couples may survive honourably. December 31, Economic direction?

Dear reader, online ads enable us to deliver the journalism you value. Amendment of section 2, Act XIV of Employees’ Old-Age Benefits Institution. Employees’ Old-Age Benefits Institution provides following benefits to the insured person or its survivors.

Amendment of section 9, Act XIV of Since there has been no increase in the rate of pension for a long time, the pensioners are frustrated, especially due to unprecedented inflation.

Read more New year celebration. Amendment of section 37, Act XIV of Retrieved from ” https: