EOBI retiring age limit

Published July 19, 2010

This is with reference to the Employees Old-Age Benefits Institution (EOBI), and the point raised by Mr R. Haque (July 8) regarding the age limit for becoming eligible to receive EOBI pension.

On Labour Day (May 1) the prime minister had announced that the age limit for entitlement to EOBI pension to be 50 years instead of 55 years in respect of the Kankunan meaning miners, which was misunderstood as Karkunan meaning workers.

Under Section 22 of the Employees Old-Age Benefits Act, 1976, age limit for men was fixed at 60 and 55 for women through an amendment in the Act in 1986. In the case of miners, in 2002 it was reduced to 55 for those who had worked for at least 10 years in this occupation immediately preceding their retirement.

In most organisations, the retirement age for employees, especially men, has been fixed at 60.

Therefore, it appears logical that institutions like EOBI should also start paying the pensions from this age.

The age relaxation in the case of miners is understandable as the occupational hazards contribute to affecting their health adversely.

Moreover, thousands of new pensioners are added to the EOBI scheme every year; hence, its survival becomes difficult unless huge funds are constantly pumped in by the insured organisations. Fixing lesser age for pension eligibility may cause total collapse of the scheme.

I want to bring to the notice of EOBI officials the difficulties employers of a large workforce are facing in receiving the registration cards of their new employees.

The process of filling out registration forms and the completion of other related formalities of new employees are done by the employers, who transmit them to EOBI electronically.

Previously the EOBI used to provide registration cards to the employers but for the last few months they have been sending them through courier service directly to the employees' residences.

The employers are, therefore, not aware whether or not their new employees have received the cards. On the other hand, the employees keep asking the employer about the same.

I therefore request that the previous system of handing over the completed cards to employers be revived for the convenience of all.

PARVEZ RAHIM
Karachi

Opinion

Editorial

IMF’s unease
Updated 24 May, 2024

IMF’s unease

It is clear that the next phase of economic stabilisation will be very tough for most of the population.
Belated recognition
24 May, 2024

Belated recognition

WITH Wednesday’s announcement by three European states that they intend to recognise Palestine as a state later...
App for GBV survivors
24 May, 2024

App for GBV survivors

GENDER-based violence is caught between two worlds: one sees it as a crime, the other as ‘convention’. The ...
Energy inflation
Updated 23 May, 2024

Energy inflation

The widening gap between the haves and have-nots is already tearing apart Pakistan’s social fabric.
Culture of violence
23 May, 2024

Culture of violence

WHILE political differences are part of the democratic process, there can be no justification for such disagreements...
Flooding threats
23 May, 2024

Flooding threats

WITH temperatures in GB and KP forecasted to be four to six degrees higher than normal this week, the threat of...