P. No.: 508 Department: Production

1th September, 2016
P. No. : 508
Department: Production
Dear Humaiyoon Jamil,
We are pleased to present your Total Compensation Statement. Your compensation

package at Engro Polymer & Chemicals Ltd. is designed to provide a balance of cash
compensation, non-cash benefits and financial protection related to retirement, as well as
unfortunate instances of illness, disability and death. This statement outlines the income
opportunities and benefits provided to you by Engro Polymer & Chemicals Ltd. We hope this
statement helps you in understanding the value of plans as part of your compensation.
This statement is a convenient way to keep track of your compensation, and may serve as an
important financial planning tool. Please review this document; it is recommended to keep it
with your important documents as part of your Rewards Folder.
Your Total Compensation Statement is based on data as on August 31st, 2016.
We at Compensation and Benefits remain committed in working towards an optimized

compensation structure, improved customer services, and increased employee value
proposition. For any questions or issues related to this document, please contact the
undersigned:
Regards,
Hina Mahmood
Compensation and Benefits Officer
hinamahmood@engro.com
021-111-411-411 Ext: 369
PERSONAL INFORMATION
Monthly Basic Salary 22665
Monthly Gross Salary 40458
Date of Employment with the company (EPCL) 12/24/2012
EPCL Company Service up to 31st August, 2016 3.69 Years
RETIREMENT/TERMINAL BENEFITS
Provident Fund Program
Your Contribution to the provident fund @10% of your basic salary is matched by the
company at the same rate of contribution.
Current balance of your provident fund account 157607
DC Gratuity Program
The company contributes 8.33% of your basic salary monthly.
Current balance of your DC Gratuity fund account 60022

EMPLOYEE SURVIVOR BENEFITS
In the unfortunate event of death whilst in the company service, your survivors could receive
the following benefits, assuming Company service up to August 31st, 2016.
Provident Fund Balance 157607
DC Gratuity Fund Balance 60022
Group Term Life Insurance amount-equivalent to 36 monthly basic salary 815940
In case of accidental death the amount will be 1631880
Premium contribution will be at a 50-50 basis between the company and employee.
HEALTH CARE
You and your family members (spouse/children) are covered for healthcare related expenses
as per the following
Hospitalization
Each member (self and family) is eligible for the following limits, on a per annum basis.
Premium contribution will be on a 50-50 basis between the company and employee.
Coverage under Group Term Medical Insurance 500000

Out Patient Expenses
Percentage of actual cost reimbursed
Employee Family Member

Medicines 80% 80%
Consultation 100% 75%
Lab Tests 100% 100%
Dental* 75% 75%
*Maximum Entitlement per family is 50,000 per year.
OTHER BENEFITS
Service Incentive Plan

The company pays every year an amount equal to one month’s basic salary after completing
3 years of service.
Variable Pay Plan (VPP)

Paid to employees on achievement of corporate objectives and individual performance factor
based on Basic Salary of July 01 every year.
LOANS OUTSTANDING AMOUNTS
Provident Fund Loan outstanding 12497
Home Appliance Allowance outstanding

Disclaimer:
This statement does not cover all eventualities and details that would affect eligibility of the benefits or
amounts therefore. Terms and conditions of each benefit are governed by policies of the relevant benefit
plans. This summary takes into account benefit plans as in force at the time of preparation of this
document, and do not constitute any guarantee of their availability throughout your employment. Hence,
the contents of this summary shall not constitute or supersede in any manner terms of employment with
Engro Polymers & Chemicals Ltd. This document should not be used with any external party in any form
what so ever.
Notes
Retirement Benefits
Provident Fund
 Paid in lump sum at the time employee leaves the company
Defined Contribution Gratuity (lump sum)
 Vesting Period: 5 years’ service
Employee Old Age Benefit Fund (EOBI)
 As determined by the Government of Pakistan, the monthly contribution of company and employee is
Rs. 350 and Rs. 80 respectively. Employee gets monthly pension from EOBI after retirement.
Service Incentive Plan (SIP)

Employees in CL 16-29 and will get 1 month’s current basic salary after completion of 3 years eligibility. This
amount is paid in January’s payroll each year.
Life Insurance
In case of death, employee’s legal heirs will be paid an amount equivalent to 36 basic salaries. In case of
accidental death, the amount is equivalent to 72 basic salaries.
In case of permanent natural/accidental disability, employee is eligible to be paid 36 basic salaries as per
applicable terms and conditions.

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1th September, 2016

Dear Humaiyoon Jamil,

We are pleased to present your Total Compensation Statement. Your compensation

Your Total Compensation Statement is based on data as on August 31st, 2016.

We at Compensation and Benefits remain committed in working towards an optimized

Monthly Basic Salary 22665

Monthly Gross Salary 40458

Date of Employment with the company (EPCL) 12/24/2012

EPCL Company Service up to 31st August, 2016 3.69 Years

Provident Fund Program

Current balance of your provident fund account 157607

The company contributes 8.33% of your basic salary monthly.

Current balance of your DC Gratuity fund account 60022

Provident Fund Balance 157607

DC Gratuity Fund Balance 60022

Group Term Life Insurance amount-equivalent to 36 monthly basic salary 815940

In case of accidental death the amount will be 1631880

Coverage under Group Term Medical Insurance 500000

Employee Family Member

Service Incentive Plan

Variable Pay Plan (VPP)

LOANS OUTSTANDING AMOUNTS

Provident Fund Loan outstanding 12497

Home Appliance Allowance outstanding

Service Incentive Plan (SIP)

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