EOBI pension will be increased from Rs. 8500 to Rs. 10,000 for all minimum wages per month in November 2023. If you are an EOBI insured person then you can check your pension amount on this website. Employees’ Old-Age Benefits Institution (ادارہِ مراعاتِ معمّر ملازمین) is allocating pensions to old age people including superannuation age. The pension for the month of June 2023 is now transacted to the bank accounts of pension holders.
EOBI (Employees’ Old-Age Benefits Institution)
EOBI’s pension scheme is a relief for old age people who do not have any source of income. With the help of this Employee’s old age institution, they can get money to buy essential commodities.
However, there is good news for all the EOBI’s beneficiaries. The National Assembly announced that the minimum threshold for EOBI pensions will be Rs. 10,000 in the month of November.
The Minister of State for Law and Justice Shahadat Awan disclosed this news that the government of Pakistan is now going to increase all minimum wages. Whereas officials will also see the institution’s proceeds.
Moreover, the National Assembly has also passed the NFC Institute of Engineering and Technology Multan Amendment Bill.
Also, the Supreme Court took great action to eliminate the corruption from this Employees old age institution.
EOBI Qualification Criteria 2023
Not sure what the qualification criteria is to be an EOBI-insured person? I will share all the EOBI pension rules in Urdu and English. So all the applicants can get complete details and a guide about EOBI’s pension scheme registration.
- An employee must be working in a private sector where at least 5 employees are working.
- ایک بیمہ دار شخص جو نجی سیکٹر میں کام کرتا ہے جیسے کے کارخانوں، ملوں یا کسی دوسرے قسم کے پیشہ ورانہ میدانوں میں، جہاں کم از کم پانچ ملازمین کام کرتے ہوں۔
- Men and women are both appropriate.
- مرد اور عورت دونوں جنسیں مناسب ہیں۔
- Age limit for men is 60 years while for women it is 55 years.
- ملازم کی عمر مردوں کی صورت میں 60 سال سے کم ہونی چاہئے اور عورتوں کی صورت میں 55 سال سے کم ہونی چاہئے۔
- The insured employees must be a part of EOBI for at least 15 years.
- بیمہ شدہ ملازمین کو کم از کم 15 سال تک ایوبی آئی کا حصہ ہونا چاہئے۔
Check EOBI Pension Online
Here is the step-by-step guide to checking your EOBI pension online using the EOBI web portal. Check this EOBI card check karne ka tarika:
- Go to the official web portal of the gov website from here.
- Login to your account with a new NIC or you can also enter the old NIC.
- Now click on the green arrow button to check your details.
- Here you can manage and see all of your pension transactions for all the previous months.
EOBI Pension Contribution Details
EOBI pension payment total contribution from the insured person and the employer of the insured person as well. Employers are responsible to pay 5% of the minimum salary prescribed by the government and employees need to pay 1% of their minimum salary.
Also, this is the 50% of the pension payment that will be collected by the employers and employees, while the other 50% will come from the government of Pakistan.
National Assembly Pension Increase Notice 2023
The National Assembly of Pakistan finally got a notification from the officials of the Employees Old Age Institution about the increase in pension payments. The Minister of Law and Justice Shahadat Awan has announced that there are 413,000 pensioners that are getting benefits from this program.
Also, Aisha Ghous Pasha who is the Minister of State for Finance said to the media that the previous leadership was corrupt and they only took massive loans and did not contribute to the country.
A large number of people are unable to buy essential commodities due to international factors and the inflation rate. The government should maintain supply chains and funds to control recession.