Presently, the Institution
does not receive any financial assistance from the Government for
carrying out its Operations. A contribution equal to 5% of minimum
wages has to be paid by the Employers of all the Industrial and
Commercial Organizations where EOB act is applicable. Contribution equal
to 1% of minimum wages by the employees of said Organizations.
1- Employer's Contribution @ 5 % of
the worker's minimum wages (i.e. Rs. 8000) Rs.
400/= Per Month
Employee's Contribution @ 1 % of the worker's minimum wages (i.e. Rs.8000) Rs. 80/=
Total Contribution per
Employee Rs. 400 +80 = Rs. 480/= Per Month
PROCEDURE OF COLLECTION:
Arrangement with authorized branches of National Bank of Pakistan