The Industrial Relations Advisers,
Management & Labour Laws Consultants
Room 3, 1st floor, Falaknuma Building, Near The Laboratory & Haroon Radio, Abdullah Haroon Road, Karachi
Phone: 32727266 & 32729770 Fax: 32729770 (S M Iqbal) Email: firstname.lastname@example.org
Circular No. C – 138 Date: -04-12-2012
SOCIAL SECURITY CONTRIBUTION
RAISED BY THE PUNJAB GOVT.
As per Section 71 of the PESSO, 1965 the Governing body of the PESSI has recommended to enhance the upper wage celling for the Contribution of the secured employees.
The Govt. of Punjab has accepted the same as per Section 71(2) of the PESSO, 1965 and Notified vide Notification No. SO(Dev-11)MW/2011(P-11) dated 18-10-2012 published in Punjab Gazette dated 24-10-2012 thereby enhanced the monthly wage celling from Rs. 10,000/= to Rs. 12500/= p.m. and daily wage rate from Rs. 400 to Rs. 600 per day for the purposes of levy of Contribution under Section 2(8)(f) of the Ordinance.
In contrast to the past policies and practice of having daily wages fixed for contribution being 1/25th of monthly wage, the maximum daily rate now fixed at the rate of Rs. 600/= per day for contribution instead of Rs. 500/= p.m. per day would create confusion and conflicts.
Since the above Notification is not with any retrospective effect, it shall be applicable from the date of publication of the Notification in the Punjab Govt. Gazette i.e. 24-10-2012.