Employees Old-age Benefit Pakistan - Pension Plan

Benefits/Pension

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)

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W.E.F. January 01, 2012 Federal Government is pleased to allow following revised rates of Pension  
Payment   to the Insured Persons and their survivors.

• Minimum Pension has been enhanced from Rs. 3000 per month to Rs. 3600 per month.
  
  
• Other pensions have been increased by 20%.
  
  
• Additional pension equal to the pension allowed as per rules to the female child of a deceased insured person already in receipt of of pension after attaining the age 18 years till marriage.
  
  
• Additional Pension to disabled child of the deceased insured persons already in receipt in pension after attaining the age of 18 till death.

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Kind of Benefits/Pension:

• Old-Age Pension
• Survivor's Pension
• Invalidity Pension
• Old-Age Grants

Pension Formula:

          (Avg. monthly wages x No. of yrs of Insurable Employment)
                                                                     50

Pension Rates:

• Minimum          RS. 3600/=
• Maximum         As Per Formula