KARACHI, March 15: The basic objective of the altered system and procedure of Employees Old-Age Benefits Institution (EOBI) is to facilitate the employers and persons eligible for pension in the deposition of their contributory amount and ensure expeditious payment of pension.

This was stated by EOBI chairman Shafi Malik while addressing the participants of a seminar on “amended system and procedure” held here on Saturday.

He told the officials that they should facilitate the employers of industrial and commercial concerns in making voluntarily payment of the pension contribution, and in this regard, they should redress all the problems that may be faced by them. Besides, he said, workers and their dependents be also facilitated in getting the pension amount.

Shafi Malik said keeping in view the objections and problems of employers and workers, the details of collective and individual contribution and employment of registered organizations and workers were being computerised.

On the basis of this, he said, every employer and worker would get details of his accumulated contribution and length of service at his home. He said in order to make this system of information more comprehensive, arrangements are being made for issuing pass-books to employees which would contain details of contribution.

Earlier, a deserving pensioner used to remain at the mercy of employer and the EOBI. On the contrary, now employees would get information before they reach the age of pension. They would know when and how much pension they would get, he said.

The EOBI chairman said that the addresses of the institution’s head and its regional offices were being published so that the industrial employers and workers may not face any difficulty in obtaining related details.

He also referred to the initiation of self-registration scheme of the EOBI whereby a worker of a registered or an organization eligible for registration, could get himself registered with the EOBI after depositing an amount of Rs 20 in the concerned bank and thus become eligible for pension.—APP