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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Computerization and administrative reforms are being carried out to reduce the administrative expenses. Inauguration ceremony of Mohmand dam postponed.

In the wake of inflation, it is not less than sct joke to expect an old couple to survive with Rs3, a month. Short title and commencement: Pakistan Muslim League Ch.

Employees Old-Age Benefits Institution

Government of Pakistan contributed to this scheme till but withdrew thereafter. Payment of contributions and liability of Employer: Calculation of daily wages for determining Contributions: Amendment of section 21, Act XIV of December 31, Economic direction? An insured person typically becomes eligible to get pension after reaching the age of 60 and completing 15 years of insured service. Amendment of section 8, Act XIV of The declaration so made shall be accepted without any question provided no demand of contributions previously created remains outstanding against such empl.

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Employees Old-Age Benefits Institution – Wikipedia

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. Dear reader, online ads enable us to deliver the journalism you value. Amendments of Act XIV of In the said act after section 12 following new section shall be inserted, namely: Provided that not more than six months shall intervene between eobj two meetings of the Board.

Sct Old-Age Benefits Institution.

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.

By using this site, you agree to the Terms of Use and Privacy Policy. Read more New year celebration. A contribution equal to 5pc of the minimum wages is being acy by employers of all industrial and commercial organisations where the EOBI Act is applicable.

In section 12 after sub-section 3 new sub-section 4 will be added, namely. The schedule appended with the Act, shall be substituted with Schedule-I, namely: It is estimated that the current contributions and return from investment will not be sufficient to cover the benefit payment and administrative expenses by It is said that the main culprit, who is responsible for the zct corruption in the deal, is absconding along with the money. Amendment of section 23, Act XIV of ONE has to look harder and harder to discern the economic message and direction sct the government.

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Views Read Edit View history. 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 axt.

Amendment in Schedule The schedule appended with the Act, shall be substituted with Schedule-I, namely: However, corruption in the deal has eroded away all the hopes of profits. Provided that the Institution may direct an employer to preserve such record for a longer period, if so required.

T he existing section 11A shall be renumbered as section 11B. Please support us by taking a moment to turn off Adblock on Dawn.

The details of the beneficiaries are given in the table below. Amendment of section 37, Act XIV of It is estimated that the fund will be completely exhausted by Amendment in section 9B of the Act. The details of participating employers, insured employees and beneficiaries are given in the table below.

Insertion of Schedule-II in the Act, The dimensions of human misery Amendment of section 22, Act XIV of Bangladesh’s Sheikh Hasina set for landslide win elbi opposition demands new vote. Retrieved 9 August

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