Semester Project Financial Markets and Intermediaries. Group Members Names:1. Muhammad Yaqoob 2. Zain Ul abidin 3. Hashir Sajjad Submitted To: Mrs. Nayab Javeed Submission date: 15201-0558570-6 Institution: Employees' Old-Age Benefits Institution Topic: Governments Retirements Funds GOVERNMENTS RETIREMENTS FUNDS The governments retirements funds are scheme which provides retirements income. Every individuals’ publics or private job holder are bound to pay 6% of their basics pay every month. After 60years of the age of the employees if 15Years are completed of the registration with Governments retirements funds then the person is eligible for Governments retirements Funds otherwise just provide grant. In Pakistan there are three types of organization that’s provide pension fund facilities are as follow: 1. Governments own Organization 2. Semi Governments Organization 3. Private limited organization But we are focusing on the Governments Retirements Funds which fall in Governments Own Organization. Questions related to Governments Retirements Funds Q2: What is the structure of Government Retirements Funds? The governments retirements Funds have different types Q1: What condition an organization registered with EOBI? Is that mandatory for every organization to register or not? Ans1: Any organization having 3 or more than three employees they are eligible for registration with EOBI. Its mandatory for all organizations having three or more than three employees. If there is two or less than two employees that’s not mandatory.
