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.
RATES:
1- Employer's Contribution @ 5 % of
the worker's minimum wages (i.e. Rs. 7000) Rs.
350/= Per Month
2-
Employee's Contribution @ 1 % of the worker's minimum wages (i.e. Rs. 7000) Rs. 70/=
Per Month
Total Contribution per
Employee Rs. 350 +70 = Rs. 420/= Per Month
PROCEDURE OF COLLECTION:
Arrangement with authorized branches of National Bank of Pakistan
Limited |
