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Introduction:

EOB Act 1976 was enforced with effect from April 01, 1976, to achieve the objective of Article 38 (C) of the Constitution, by providing for compulsory social insurance. It extends Old-Age Benefits to insured persons or their survivors

Benefits:


Under EOB Scheme, Insured Persons are entitled to avail benefit like, Old-Age Pension (on the event of retirement), Invalidity Pension (In case of permanent disability), Old-Age Grant (an Insured Person attained superannuation age, but does not posses the minimum threshold for pension) Survivor's Pension (in case an Insured Person is expired)

Pension Rates:

Contributions:

EOBI does not receive any financial assistance from the Government for carrying out its Operations. A contribution equal to 5% of minimum  wages has to be paid by the Employers of all the Industrial and Commercial Organizations where EOB act is applicable. Contribution equal to 1% of minimum wages by the employees of said Organizations.
 
W.E.F. July 01, 2010 Federal Government is pleased to allow follwoing revised rates of Pension Payment to the Insured Persons and their survivors.
 
 
 
 
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  • Minimum Pension has been enhanced from Rs. 2000 per month to Rs. 3000 per month.

  • Other pensions have been increased by 15%

  • Additional pension equal to the pension allowed as per rules to the female child of a deceased insured person already in receipt of of pension after attaining the age 18 years till marriage.

  • Additional Pension to disabled child of the deceased insured persons already in receipt in pension after attaining the age of 18 till death.

 

 
 
 

 
   
 
 
HEAD OFFICE: G.P.O. Building I.I.Chundrigar Road Karachi, Telephone Nos: 021-99217941 021-99217942 021-99217943
Free Helpline 08000 EOBI (3624), (during office hours 8 AM to 3 PM)
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info@eobi.gov.pk


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