EOBI disburses Rs586.672m as pension, grant
By Asad Cheema

ISLAMABAD—The Employees Old-Age Benefits Institution (EOBI) has disbursed a total amount of Rs.586.672 million as pension and grant during fiscal 2006-07 as compared to Rs.480.057 million disbursed during the corresponding period of fiscal 2006-07, showing an increase of Rs.106.614 million or 22.20 percent.
However, the total amount of pension and grant disbursed since inception in 1976 to August 2007, was over Rs.21.009 billion.
Currently pension is being paid at Rs. 1,500 per month since July 2007 as announced in the Federal Budget.
According to EOBI, a sum of Rs.431,545,142/- was collected as Employees’ Old-Age Benefits contribution during September 2007, which included arrears amounting to Rs.3,795,308/-.
Contribution amounting to Rs.346,770,579/- was collected during the same month of the previous financial year 2006-07, thus showing an increase of Rs.84,774,563 (24.45%).
The total contribution collected during the current financial year 2007-08 (till September 2007) stood at Rs.1,103,123,632/- as compared to Rs.875,878,420/- collected during the corresponding period of the previous financial year 2006-07, which has showed an upward trend by Rs.227,245,212/- (26%) thus total contribution collected since inception of the scheme in 1976 is Rs.33,986,597,065/-.
During September last 21,539 employers paid their contribution, which is 61% of the total active employers.
As for registration of employers; a total of 186 new employers were’ registered during the month as compared to 133 employers registered during the corresponding month of the previous financial year 2006-07.
As such, the total number of registered employers as on 30-09-2007 after exclusion of 5,405 exempted/de-registered ones, stood at 56,632.
A total of 46,358 employers were given main-codes and the remaining 10,274 employers were given sub-codes.
During September, 10,759 registration application forms were received and as such same number of 10,759 employees were thus registered.
Since inception of the scheme 2,765,548 PE-01 forms were received against which 2,753,807 employees have been registered (PI-03 cards/certificates issued). There were 1,742,796 active insured persons as on 30-09-2007.
As for disposal of pension claims; 1989 pension/grant claim forms were received. 29 claims were rejected after due processing and scrutiny as against 1,827 claims received and 44 rejected during the same month of the previous financial year i.e. 2006-07.
2,069 pension cards/books and old-age grants issued during the month of September 2007, including 1,135 old-age, 38 invalidity, 718 survivors pension cards/books and 178 old-age grants.