Worker Welfare Fund
Workers Welfare Fund: WWF is a Federally managed fund the authority of Human Resource Ministry of Pakistan, it is an autonomous organization, run bu a government body with representation from all tripartite partners. The Workers’ Welfare Fund Ordinance, 1971 was promulgated for the establishment of a Workers’ Welfare Fund (the “Fund”) for providing residential accommodation to the industrial employees through Labor Colonies and other facilities for workers financial in the form of children education, marriage grants, death grant and talent scholarship ets and for matters connected therewith. each industries workshops whose yearly income is not less than 5 lakhs in rupees, is bounded to pay 2% of the income to the welfare trust each year, but this contribution may be increased / decreased as per advice of provincial ministry because of the authority shifted to provinces after 18th amendment. onward each province are involved to establish better formulation with for the workers in consistence with industrial consortium. Every industrial registered labor not services provider or vendors are eligible for the same the below benefits
- Marriage/wedding grant (Jahez Fund): According to the welfare fund rule a hand some amount of Rs. 70k to 100k as a wedding or marriage grant to the workers for his/her doauthers, After an announcement made by the Prime Minister on May Day 2012. A female worker is also eligible of this grant for his own marriage. all those workers who are register in the EOBI and ESSI having 3 years continouse work are eligible for this grant, there is no salary limit.
- Death grant: Under the Workers Welfare Ordinance 1971, a death grant is provided to the family of deceased worker as financial support in hour of bereavement and grief. After the announcement made by the Prime Minister on May Day 2012, the death grant has been increased from Rs. 150,k to Rs. 500k As above, the worker must be registered with EOBI and Social Security; however this condition is not mandatory for mine workers. There is also no pay or service limit for provision of this grant.
- Residential colonies:
- Talent scholarship eligibility points: All the employees who are registered in EOBI and ESSI are eligible for scholarship as per the below points.
- Worker/Mineworker must be covered under definition of “Worker” prescribed in Punjab Industrial Relations Act (IRA), 2010 and must be registered with EOBI or Social Security and having at least 3 years accumulative service. However, in case of education till Intermediate level, no service limit is required.
- Worker/Mineworker must registered with Employee Old Age Benefits Institution (EOBI) or Punjab Employees Social Security Institution (PESSI). However, in case of Non-registered Worker, an Affidavit duly attested by Notary Public and Focal Person of concerned Director/Deputy Director/Assistant Director Labour Welfare/Assistant Mines Labour Welfare Commissioner, must be submitted by Worker regarding correctness of particular given in the Application, along with two Guarantors, namely employer and CBA President/General Secretary.
- Workers/Mineworkers who are employees of an Industrial/Mine/Establishment must be registered under Factories Act, 1934 or Punjab Mining Concession Rules, 2002 or those organizations paying 2% contribution to the Workers Welfare Fund or 5% left out contribution under the Companies Profit (Workers Participation) Act, 1968.
- The children of deceased Workers/Mineworkers of Workers Welfare Fund are eligible for Scholarship facility if his/her Widow/Legal Heirs have already been received Death Grant from Punjab Workers Welfare Fund.
- Worker/Mineworkers who become disabled during service may avail Scholarship for their children, subject to the condition that the disability is proved through a Legal Medical Board constituted for this purpose.
- Scholarship rates: The trust provide different rates of scholarships from Rs.3500 to 5500 per month from lower to to master level degree that can be applied from starting of semester / yealy starting programs.
- Maintinance of labor colony: the board are responsible to develop and maintain the labor clonies and provide residential facilities to factories workers.
- Workers Welfare Schools: from nursuries to the matric the welfare board are responsible to facilitate the registered employees in the schoolsa provid them stationaries with stipends.
Provincial board autonomy:
The provincial autonomies are involve to provide updated facilities to the industrial worker and for the purpose they are implementing different roles by time to time and to facilitate the workers as web support has been established by them as below.
- Sindh worker Welfare Fund
- Punjab Worker Welfare Fund
- Federal Worker Welfare Fund
- KPK worker Welfare Fund
- Worker welfare board Balochistan
Worker Profit Participation Fund (WPPF)
Companies Profit (Workers’ Participation) Rules, 1971 were promulgated by the Federal Government in exercise of the powers conferred by section 9 of the Companies Profit (Workers’ Participation) Act, 1968 (XII of 1968). For the administration of the fund, a Board of Trustees is to be constituted by the company. acording to industrial oridinance of the WPPF rules of 1968 every company has to pay 5% of its profit to the employees whose services not less than 6th mony every year,