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Home » EOBI Employees Increase Pension New Update 2023

EOBI Employees Increase Pension New Update 2023

EOBI Employees Increase Pension

EOBI Employees Increase Pension New Update 2023

Employees Old Age Benefits Institution is known as EOBI. EOB is intended to help Pakistani seniors who previously had private-sector occupations by providing pensions and expanding their facilities. In addition, it is a social insurance organization.

On April 1, 1976, this institution was established. This institution was established to fulfill the requirements of Article 38c of the Pakistani Constitution, which calls for the government to assume responsibility for maintaining those who reach old age since they are unable to work at that age.

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EOBI Employees Increase Pension

They thus experience employment issues. Insuring people or giving their dependents old-age benefits are enhanced by it.

EOBI New Update 2023

اگر کوئی تنخواہ دار بیمہ شدہ ملازم معذور ہو جاتا ہے تو اسے پنشن بھی ملے گی۔ ایک کام کرنے والے شخص کو بھی پنشن دی جاتی ہے جو اپنے بڑھاپے میں ریٹائر ہو جاتا ہے لیکن اس سے پہلے کہ وہ اس کے اہل ہوں۔ پنشن پلان میں حصہ لینے والے ملازمین کو کم از کم روپے ملتے ہیں۔ 8500، کام کے دوران ملازم کی اوسط سالانہ اجرت اور ان کی انشورنس میں ان کے تعاون کے سالوں کی تعداد کے لحاظ سے زیادہ سے زیادہ رقم کے ساتھ۔

EOBI Employees Facilitation

Government funding is not provided to EOBI in exchange for its charitable efforts. The EOBI Act mandates that all such trade and industrial groups receive a minimum share of 5% of the pay. The staff members of the aforementioned organizations each contribute one percent of the minimum salary.

Benefits of Partnership in EOBI

The following advantages are offered to the workers or those who depend on them through this partnership:

  • When an employee reaches the age of 60 and completes 15 years of service, they are qualified to receive a pension under this program.
  • Private sector workers have access to it till retirement.

EOBI Employees Increase Pension

  • The insured person’s designated dependents receive the pension following his or her passing. Old parents and young widows are included in the pension program to support themselves in accordance with Shariah. Its regulations state that parents of unmarried employees continue to receive a pension for five years following the employee’s passing.
  • The widow of an employee who has paid EOBI for 36 months or more is still entitled to a survivor’s pension for the rest of her life. If the worker is also qualified to get a pension as children. though the wife marries again, the new husband continues to support the orphans financially even though he does not take on the role of parent.

Illegal Pension (Disability)

The insured-paying employee will also receive a pension if he becomes handicapped. If a working person retires in their old age but is under the pensionable age, they are also paid a pension.

Under the pension plan, an employee receives a minimum of Rs. 8500, and the maximum is determined by the average annual salary while employed and the number of years of insurance contributions.

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