'EOBI providing over Rs 80 million pension to workers every month'

Employees Old-Age Benefits Institution (EOBI) is providing over Rs 80 million pension to the registered workers every month, said Chairman EOBI Zafar Iqbal Gondal here on Wednesday at a seminar on "Benefits of registration with EOBI". He said that EOBI is a welfare organisation and is doing its level best to bring about positive changes in the life of the working community of industrial, commercial and other organisation.
Zafar Gondal said that main purpose of this seminar is to create awareness amongst its stakeholders about the benefits available for the registered employees and workers with EOBI and Workers Welfare Fund (WWF), a sister organisation. Gondal said that EOBI provides Old-Age Pension, Survivors Pension and Invalidity Pension to the registered workers but the benefits of WWF are also available to employees/workers registered with EOBI holding EOBI Registration Card. Elaborating the benefits of available to registered workers, Gondal informed that workers holding EOBI card become eligible for allotment of presidential plots/housing facilities, scholarships for technical and higher education, Jahez for daughters of the registered workers.
He further informed that the families of registered workers are entitled to receive death grant from WWB on the demise of their bread earner. He said that self-employed persons could also register with EOBI by paying their own contribution @ Rs 420 per month and get these benefits.
He said that a satisfied and motivated worker would be more productive and cost effective for his organisation. He emphasised that workers can be motivated by providing them and their families social protection by way of old-age and survivors' pension besides provision of housing, education and medical facilities by the WWF. He urged the employers to register all of their workers with EOBI and provide their CNIC so that they benefit from EOBI and WWF Schemes. He also asked the Employees Federations and Workers' representatives to create awareness among the working community of Pakistan about the benefits and advantages of registration with EOBI.