Employees Old-Age Benefits Institution






Khaqan Murtaza
Chairman
Employees Old-Age Benefits Institution


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 following benefits to insured persons or their survivors:-,

Old-Age Pension
Survivor's Pension
Invalidity Pension
Old-Age Grant

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:

Minimum Rs. 5,250/=
Maximum As per Formula

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.

Contact Info

  • ST-31, B-20, Block-7, F.B Area, Karachi 75950 - Pakistan
  • +92 21 363 10 400
  • This email address is being protected from spambots. You need JavaScript enabled to view it.
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