EOBI ACT PDF

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 of section 8, Act XIV of The declaration so made shall be accepted without any question provided no demand of contributions sct created remains outstanding against such empl 2 Any employers who is already registered under normal pension scheme and opts for registration under self assessment scheme shall not decrease the total amount of contributions and number of insured persons already registered immediately prior to exercising his option for self assessment scheme.

Whereas it is expedient further to amend the Employees Old Age Benefits Act, for the purposes hereinafter appearing; It is hereby enacted as follows: Whereas it is avt further to amend the Employees Old Age Benefits Act, for the purposes hereinafter appearing.

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.

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The dimensions of human misery Government of Pakistan contributed elbi this scheme till but withdrew thereafter. Computerization and administrative reforms are being carried out to reduce the administrative expenses. 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.

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Section 9B of the Act, shall be substituted as under: However, corruption in the deal has eroded away all the hopes of profits. Insured Person’s Registration No. Provided that above provision shall not be applicable to an employee who has been dismissed or terminated for the reasons other than the intention of inflicting punishment for seeking self registration. Amendments of Act XIV of Further work is required to reduce the administrative expenses to ensure profitability of the scheme.

Short title and commencement: Pakistan Muslim League Ch. Retrieved 9 August Short title, extent and commencement: Normally, a fixed pension of Rs3, a month is being paid to the workers. Amendment in section 9B of the Act. This contribution constitutes half of the total contribution while remaining half comes from at Government of Pakistan.

Trio accused in JIT report at findings, claim innocence. BOTH decision and timing are scarcely believable and will surely give more ammunition to those quarters denouncing Amendment in Schedule The schedule appended with the Act, shall be substituted with Schedule-I, namely: The details of the beneficiaries are given in the table below.

Calculation of daily wages for determining Contributions: Please support us by taking a moment to turn off Adblock on Dawn.

In addition to the contribution from employers, employees and government, EOBI invests in profitable projects to generate income for providing pension. Contribution equal to 1pc of minimum wages is paid by the employees of wobi organisations.

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Insertion of Section 11A. The political party landscape remains wracked with judicial complications and ongoing accountability pressures. In the wake of inflation, it is not less than a joke to expect an old couple to survive with Rs3, a month. T he existing section 11A shall be renumbered as section 11B.

Provided that the Institution may direct an employer to preserve such record for a longer period, if so required. The pensioners are still receiving Rs3, a month. Affidavit will be accepted if it is established to the satisfaction of the Institution that documentary proof is not available. It is hereby enacted as follows: Retrieved from ” https: Amendment of section 23, Act XIV of Number of employers and employees registered with EOBI grew since its inception in Pakistan must own the FATF project.

Amendment of section 12, Act XIV of Amendment in Section 12 A.

Employees Old-Age Benefits Institution

As per numbers there are over 2 lakh beneficiaries of these scheme. Amendment of section 2, Act XIV of Provided that not more than six months shall intervene between any two meetings of the Board.

Pakistan is once again at a critical juncture of political transition. By using this site, you agree to the Terms of Use and Privacy Policy. From Wikipedia, the free encyclopedia. Amendment of section 37, Act XIV of Offices of the Institution: