KP Employees Education Foundation (KP EEF)

• Provide Low Cost accommodation to the Education Employees and their family members;
• Award scholarships, cash awards and talent support to the Education Employee’s children upto twenty five (25) years of age, studying in educational institutions duly recognized;
• Provide to the Education Employees or his family member financial assistance on his retirement, medical treatment, leaving of service, death as the case may be;
•  Grant for marriage of the Education Employees or his children, as the case may be;
• Make such schemes as it considers necessary for the welfare of the Education Employees or their family members and utilize the Fund to implement such schemes in such manner and subject to such conditions as may be prescribed; and
• Do all such other things and activities as may be considered necessary in order to achieve its objectives under the Act.

POWERS AND FUNCTIONS OF THE BOARD

1. The administration, management and general control of the Foundation and its affairs shall vest in the Board, which shall exercise all powers and perform all functions of the Foundation, to achieve its aims and objectives.
2. organize and carry out the activities and performance of the Foundation;
3. consider and approve the annual budget and revised budget estimates of the Foundation;
4. manage financial affairs of the Foundation;
5. consider the annual report of the Foundation and give directions as may be necessary;
6. enter into, carry out and cancel contracts on behalf of the Foundation;
7. administer any funds placed at the disposal of the foundation for specified purposes;
8. create or abolish such administrative posts as may be necessary;
9. with the approval of Chief Minister punish or remove from service the Managing Director;
10. make and approve the regulations;
11. onstitute such financial, administrative, technical and other committees or sub-committees as may be deemed necessary for carrying out the purposes of the Khyber Pakhtunkhwa Education Employees Act; and
12. perform such other functions as may be necessary for carrying out the purposes of the Khyber Pakhtunkhwa Education Employees Act.

The Finance Committee of the Foundation is looking into the Financial affairs of the Foundation. The Finance Committee is comprising of the following, namely:

Powers of Finance Committee

1. The Finance Committee is responsible for scrutiny and examining of all financial matters of the Foundation.
2. Recommend the annual/revised budget of the Foundation;
3. Recommend all cases relating to financial matters involving income, expenditure and establishment of income generating schemes for the welfare of the Education Employees;
4. Approve all matters regarding payments of compensation, grants, award of scholarships, financial assistance, loans and advances etc. out of the Foundation’s  Funds to the Education Employees and their family members as defined under the Act;

The Investment Committee of the Foundation is looking into affairs of the Foundation pertaining to the Investment of its funds.

The Investment Committee is consisting of the following, namely: 
 

Powers of Investment Committee

1. The Investment Committee shall be responsible for the investment of the Foundation’s funds.
2. Without prejudice to the generality of the foregoing power, the Investment Committee shall-

1. invest the surplus funds of the Foundation in the profitable schemes;
2. approve placement of fund of the Foundation in the bank;  
3. recommend the investment in any new industrial or commercial scheme;
4. recommend disinvestment in and disposal of any existing industrial or commercial scheme;
5. decide the procedure of the development of the Housing Scheme or Schemes, as the case may be;
6. decide hiring of consultant/consultancy firm or construction company for the developmental works in the Housing Scheme or Schemes, as the case may be;
7. conduct and carry out the Tendering Procedure for hiring the services of Consultancy Firm(s) or Contractor(s), as the case may be, of the Housing Scheme, strictly in accordance with the Khyber Pakhtunkhwa Public Procurement Regulatory Authority Act for the time being in force and the rules made there under;
8. prepare and design Master Plan of Housing Scheme with the help of a well experienced Architect or Consultant, as the case may be;
1. recommend to the Board for award of contract;
10. any other scheme deemed profitable and beneficial for the contributors of the Foundation; and
11. any other function as may be assigned to the Investment Committee by the Board.

Khyber Pakhtunkhwa Education Employees Foundation Welfare And Financial Assistance Regulations, 2021

1. Form For Retirement Grant
2. Form For Merit Scholorship
3. Form For Retirement Grant
4. Form For Marriage Grant
5. Form For Financial Assistance for Cancer
6. Form For Ten Position Holders For SSC/HSSC
7. Form For Talent Support Programme
8. Form For Scholarships of the Children of Education Employees of KP for year 2022-23

The following welfare schemes have so far been launched by the Foundation for the Education Employees under Section-4 of the Education Employees Foundation Act, 2018:- 

1. Retirement Grant @ Rs. 30,000/- was granted without  discrimination of grades, however; the BOG in its 5th  meeting has approved the following grade-wise rates:-  

BPS 1 to 10    Rs. 40,000/- 

BPS 11 to 16    Rs. 50,000/- 

BPS 17 & above  Rs. 60,000/- 

1. Merit Scholarships for 2660 children of Education Employees @ Rs. 6000/- P.A was awarded but the Board has increased the rate to Rs. 7000/- Per Annum.
2. Cash Awards for the Boards Top Ten Position Holders  Children  of Education Employees @ Rs. 20,000/- for SSC and Rs.25,000/- for HSSC (Once).
3. Talent Support for the Boards Top Three position holders  children of Education Employees of HSSC @ Rs.25000/-   Per Month as educational expenses subject to continuation  of studies for a period of five years in case of MBBS and other degrees with five years continuous duration and four years for Engineering Degree and other degrees with  four years continuous duration. Uptill now more than 90  students availed. 
4. Financial Assistance for cancer affected Education  Employees and their family members upto Rs. 300,000/- (Once).
5. Marriage Grant to the Education Employees / sons and  daughters of Education Employees @ Rs.30,000/- (Once)

ORGANIZATIONAL STRUCTURE OF KP-EDUCATION EMPLOYEES FOUNDATION (EEF)