-
Eradication
of corruption by designing the scheme, system and procedure which
eliminate the possibility of corruption;
-
Minimize
contact with employers by E.Os
-
Minimize
discretion by switching over to system of indirect
verifications;
-
Close
monitoring, supervision and audit;
-
Improve registration
record of employers, employees, contributions and supply
computer-generated ledger of Accounts periodically for
reconciliation and confirmation;
-
Cleaning of records
by de-registration of defunct units, waiver/write off of
irrecoverable arrears and reflect correct picture in Monthly
Progress Reports, fixing realistic targets and reflecting correct
figures in Accounts & Financial Statement;
-
Revive annual
communication of cumulative contribution to the credit of each
employee;
-
Generate list of
defaulters showing contributions not paid or less paid through
computer;
-
Generate list of
persons whose pension shall become due during the year with exact
dates and amount of pension through computer;
-
Publicize the
measures taken to improve transparency, viability and credibility of
the Institution;
-
Hold seminars,
workshops to discuss the reforms with national and international
experts.
-
The name of the
Institution may be changed from EOBI to “State Pension Authority (SPA)”. In contrast to
Private Pension
companies the name of EOB Scheme shall be changed to
State Pension Scheme (SPS).
