An Act to repeal and re-enact the Law relating of Old-Age benefits for up under any law shall not be treated as an employee under this Act. THE Employees Old-age Benefit Institution (EOBI) Act was enforced with effect from April 1, , to achieve the objective of Article 38 (C). 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 .
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Amendment in Section 12 A. The employer and insured person of an establishment or Industry registered in Universal Self-Assessment Scheme under Section 12B, shall pay contribution at the rates as specified in the following table: Section 9B of the Act, shall be substituted as under: Dear reader, please upgrade to cat latest version of IE to have a better reading experience. It is hereby enacted as follows: Amendment of section 44, Act XIV of An insured person typically becomes eligible to get pension after reaching the age of 60 and completing 15 years of insured eohi.
Insertion of Sub-Section 4 in Section 12 of the Act, Pakistan must own the FATF project. The declaration so made shall be accepted without any question provided no demand of contributions previously created remains outstanding against such empl. Affidavit will be accepted if robi is established to the satisfaction of the Institution that documentary proof is not available.
Employees Old-Age Benefits Institution – Wikipedia
Bangladesh’s Sheikh Hasina set for landslide win as opposition demands new vote. Name of Inured Person. Amendment of section 37, Act XIV of ONE has to look harder and harder to discern the economic message and direction of the government. Employees share of Contribution.
Employees Old-Age Benefits Institution
Further work is required to reduce the administrative expenses to ensure profitability of the scheme. Calculation eeobi daily wages for determining Contributions: Pakistan Muslim League Ch. No of days for which Salary is paid.
Employees Old-Age Benefits Institution. Pages using infobox government agency with unknown parameters.
BOTH decision and timing are scarcely believable and will surely give more ammunition to those quarters denouncing The following Schedule II shall be appended to the Act: 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.
Amendment of section 2, 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 benefit shall not be affected by default in payment of employer’s share of contribution under section 9.
Number of employers and employees registered with EOBI grew since its inception in This page was last edited on 30 Novemberat Retrieved 9 August This contribution constitutes half of the total contribution while remaining half comes from the Government of Pakistan.
The details of participating employers, insured employees and beneficiaries are given in the table below.
In the said act after section 12 following new section shall be inserted, namely: EOBI operates on the partially funded basis.
Views Read Edit View history. Whereas it is expedient further to amend the Employees Old Age Benefits Act, for the purposes hereinafter appearing. 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. Read more New year celebration.
Offices of the Institution: Short title, extent and commencement: Employees’ Old-Age Benefits Institution provides following benefits to the insured person or its survivors. Trio accused in JIT report reject findings, claim innocence.