EoBI has Introduced Online System for Payment of Pension Contributions by Employers
|Reform Description||EoBI Introduced Online System for Pension Contributions by Employers
Before: It was budensome for businesses to pay contributions manually each month.
After: After introduction of Online payment facility by EOBI, Businesses can conveniently pay their contributions online.
|Sector||Employers/Businesses across all Sectors|
|Beneficiaries||Employers who pay pension contributions to EoBI.|
|Jurisdiction/Location||All over Pakistan|
|Date of Implementation||13-12-2018|
|Details||Difficulty||● Employers were paying pension contributions to EoBI manually, resulting in more time and hassle.|
|Analysis||● On study of global best practices, it was decided to introduce an online system for payments of contributions so as to save time and cost of businesses.|
|Solution||● An online system for payment of pension contributions has been introduced by EoBI which will facilitate the payment of contributions by employers.|
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