{"id":1324,"date":"2020-04-03T09:59:34","date_gmt":"2020-04-03T09:59:34","guid":{"rendered":"https:\/\/propakistani.pk\/how-to\/?p=1324"},"modified":"2020-04-03T10:06:50","modified_gmt":"2020-04-03T10:06:50","slug":"how-to-claim-your-pension-with-eobi-eobi","status":"publish","type":"post","link":"https:\/\/propakistani.pk\/how-to\/how-to-claim-your-pension-with-eobi-eobi\/","title":{"rendered":"How to Claim your Pension with EOBI | EOBI"},"content":{"rendered":"

The Employees’ Old-Age Benefits Institution (EOBI)<\/strong> is the Government institution that operates under the Ministry of Overseas Pakistanis and Human Resource Development<\/strong>. EOBI was formed in 1976, to provide pension, old-age benefits and social insurance to registered employees. The registered employee and the employer of the registered person have to contribute some percentage of the salary to EOBI<\/strong> during the period of insurable employment. Employers have to pay 5% of the minimum wages set by the government. On the other hand, the insured employee has to pay 1% of the minimum wages. Under the EOBI scheme, the insured persons can avail the following benefits which are given below.<\/p>\n

Benefits Provided by EOBI<\/strong><\/h2>\n
    \n
  1. Old-Age Pension<\/li>\n
  2. Survivor’s Pension (In case an Insured Person is expired)<\/li>\n
  3. Invalidity Pension (In case of permanent disability)<\/li>\n
  4. Old-Age Grants (If an insured Person attained superannuation age)<\/li>\n<\/ol>\n

    The government of Pakistan also provide funds to EOBI. It also invests in profitable projects to generate income which is used for providing pension to the insured individuals. The minimum pension of an insured person is Rs. 6500. However, Special Assistant to PM for Overseas Pakistanis and Human Resource Development, Zulfiqar Bukhari<\/strong> announced last year that minimum pensions offered by EOBI will be increased from 6500 to 8500 Rs.<\/p>\n

    Note: The maximum pension of a person is calculated by using the following formula<\/strong><\/p>\n

    (Average Minimum Monthly Wages X No. of years of Insurable Employment) \/ 50<\/strong><\/p>\n

    Last month, EOBI announced the digitisation of all records of pensioners. Now any insured individual registered in EOBI database can check all the details on their website. The insured person just has to access the link: http:\/\/www.eobi.gov.pk\/eobifs\/info-ind.htm<\/a> to check the details. The registered individuals can also claim the pension by using the EOBI online database.<\/p>\n

    If you want to know how it can be done, you\u2019ve come to the right place. In this article, you will learn about pension claiming method as well as about the documents that you have to submit with the pension claim form.<\/p>\n

    How to Claim EOBI Pension<\/strong><\/h2>\n