EOBI asks private firms to pay their share in KP pensions

Published January 22, 2019
Thousands of private employees are deprived of pension provided by the EOBI due to cheating by organisations. — File
Thousands of private employees are deprived of pension provided by the EOBI due to cheating by organisations. — File

KOHAT: The Employees Old-Age Benefits Institution (EOBI) has asked hundreds of defaulting and unregistered private organisations to pay their share of pension so that the helpless and heirs of deceased persons can get the government facility at the time of need.

Thousands of private employees are deprived of the pension facility provided by the EOBI due to lack of awareness or cheating by the organisations.

EOBI assistant director, Kohat, Ateeq ur Rehman, told Dawn on Monday that offices the organisations which did not register with the institution were liable to be sealed under the 1967 Land Revenue Act. He said that hundreds of private organisations were not willing to be registered with EOBI so as to avoid payment of their share in the pension.

Mr Rehman said there were 351 private registered firms whereas only 120 were paying their share and rest were defaulters in Kohat.

He said the major problem was lack of awareness among the illiterate workers who had no courage to demand the facility.

He said under the rules an organisation must pay Rs650 per month and deduct Rs130 per month from the employee’s salary which could be paid to the four categories of pensioners.

The EOBI official explained that according to first category an employee was eligible for pension if he attained age of 60 with 20 years of service.

The other was for heirs when an employee died after three years of service. Similarly, a handicapped person could avail the facility after five years of service. The fourth category was payment of compensation when an employee could not complete 15 years of service and became 60 years of age.

Mr Rehman said if an employee reached the age of 60 and did not contact EOBI in one or more years his case would be decided by the regional claim committee. He said defaulters were sent five to seven notices and if they failed to comply their offices were sealed.

He said if the number of registered employees reached 20,000 the Kohat office would become regional office and work in the whole division, including Hangu and Karak.

Published in Dawn, January 22nd, 2019

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Free and fair?
Updated 26 Sep, 2023

Free and fair?

It is disingenuous to suggest the fairness of any polling exercise should be considered without regard to all that has preceded it.
Unto darkness
26 Sep, 2023

Unto darkness

YET another case of medical malpractice has come to light in Punjab. The eyesight of several diabetic patients has...
Unions on campus
26 Sep, 2023

Unions on campus

DEPOLITICISED youth unfamiliar with democratic norms cannot be good for the future of representative rule in...
On the brink
Updated 25 Sep, 2023

On the brink

Everyone and every sector has to rise together, in sync, if this country is to put itself on a progressive trajectory.
Sanaullah’s remarks
25 Sep, 2023

Sanaullah’s remarks

THE hypocrisy of our democratic leadership is a gift that keeps giving. Last week, the president of the PML-N in...
Print in digital age
25 Sep, 2023

Print in digital age

THERE is a shocking amount of disinformation out there in the Information Age. While electronic and social media ...