Key activities of EOBI are
- Registration of
- Registration of
- Collection of
- Disbursement of
The Action Plan prepared in the light of
Vision, Mission and
strategy in respect of key activities is as under:-
Registration in State
Pension Scheme (SPS) should be mandatory and
Progressive Flat Rate Scheme:
The Scheme should be
simple, easy to understand and implement. Keeping in view
recommendations of experts, Scheme based on Progressive Flat Rate
Contribution and fixed benefits determined by sound actuarial
valuation should be introduced*.
Contribution may be
made by employer and employee, which should gradually be increased
to enable enhancement in benefits on graduated scale. A sample
of proposed Scheme based on actuarial estimation is placed as annex I for conceptual clearance and
approval. It shall be firmed up after proper actuarial
valuation based on latest statistics.
Self Assessment Scheme:
The Scheme should
encourage automatic voluntary registration. Self-assessed contribution
should be accepted with provision for test-check/audit of a reasonable %age
of cases on the principle of risk management through parametric selection
based on relevant information, consequent forced registration and assessment
according to evidence.
Test-checks and Audits should be approved, supervised and
monitored by Zonal Offices.
Exemption/waiver for past
liabilities may be given where no employee has registered himself with EOBI
or where no proceedings for registration have been initiated by EOBI. Draft
proposal is placed as annex-II.
1- Averting Old-Age Crisis;
World Bank’s October 1994 Study
2- Possible Future Developments
in EOB Scheme; by Samiul Hasan
Forced registration and assessment of demand may be made on
the basis of material evidence collected through internal survey,
where registerable establishments do not register on their
Map Survey of industrial and commercial establishments shall
be conducted to collect information from all possible sources
without contacting the employers to build up complete record of all
employers and the evidence necessary for identification of
registerable cases. The information shall be authenticated by
Regional Head and test-checked by Zonal Head. Details of the Scheme
are placed at annex-III.
Targets of registration shall be fixed on the basis of
potential of registerable cases and suppression of
Efforts shall be made to develop standard norms of various
industries in collaboration with employer and employee
representatives, chambers, associations etc. Registration shall be
made and contribution determined on the basis of number of employees
under moral pressure of associations of trade and industry.
Quality of orders for forced registration and assessment of
demand for contribution shall be ensured by confrontation of
evidence collected and compiled through survey, quoting parallel
cases and standard/norms of industries in fool-proof manner.
Employers’ Directories based on information collected through
map-survey shall be compiled indicating Beats, Regions and Zones by
EDP. The system shall generate list of registerable cases based on
standard parameters, which may be subjected to audit.
The audit programme shall be approved by Zonal Head. It
shall be closely monitored and supervised by him to ensure that no
harassment is caused and contribution is determined on fair and
The number of employees shall be ascertained from the
attendance registers, employee cards, pay roll registers, wage
registers, payment record or other relevant evidence.
Amount of monthly
contribution shall be determined by multiplying number of employees
with amount of fixed contribution.