Wed. Apr 17th, 2024
EOBI - Good News For 60-Year-Old Private Employees Receive Rs10000 Pension Every MonthEOBI - Good News For 60-Year-Old Private Employees Receive Rs10000 Pension Every Month

Last Updated on: 30th December 2023, 11:25 am

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EOBI Card Check Karne Ka Tarika Online

The EOBI Act of 1976 sought to achieve the objective of Article C of the Constitution by introducing compulsory social security. The aim is to extend the benefits to the insured person or their relatives.

The Employee Retirement Benefit Institution serves EOBI-registered individuals who have reached the mandatory age of 60 for men and 55 for women but have not yet received a pension. Then contact this institution.

You will be informed by an announcement that the full list of these potential retirees has been published on the EOB website. All such policyholders can access their details using the CNIC ID Card or EOBI registration number by visiting the “In Reason Information” link on the website.

EOBI Pension Increase in Budget 2023-24

In the EOB system, the insured person is entitled to benefits: old age benefit pension, pensioner, in case of retirement, disability pension, and old-age pension, in case of permanent disability.

An insured person has reached retirement age but is not entitled to a pension. Consequently, the minimum limit of the survivor’s pension no longer applies in the event of expiration.

In the federal budget for the next fiscal year, the government increased the Employees Old Age Benefits Institute (EOBI) pension from the current Rs 8500 to Rs 10,000 per month (i.e. eobi pension increased to rs 10,000).

Given the economic situation and financial constraints, the pension amount cannot be increased at this time, EOBI is distributing Rs 4 billion to 430,000 Juster pensioners.

The Deputy Managing Director of EOBI, Dr. Javed Shaikh said EOBI had been given a target of 33,500 crore rupees for the current fiscal year but its stake in Bhai reached 36,000 crore rupees in June. Another four billion rupees are expected.

According to the EOBI official, 90% of the institution’s pension cases have been settled and a sum of Rs.4 billion has been distributed to four lakes.

Now EOIB retirees don’t have to wait in line for hours, Bank Al Falah has issued them cards and they can access their money through ATMs every month.

Also Read: 8171 Web Portal NSER New Registration Form

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