The Employees Old-Age Benefits Institution (EOBI) provides a pension to its members who have reached the age of 60 and have completed at least 10 years of service. The amount of pension is calculated on the basis of the member's average monthly wages and the number of years of service.
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| How To Claim EOBI Pension? |
In this article, we’ll discuss all about pensions and how
to claim your pension from EOBI. To get the pension case processed, you need to
start it from your last employer to generate service length with an annual
contribution to EOBI.
However, if you served in different organizations, just
need to get a service certificate from those employers as well for better
persuasion of the case without delaying the pension claim process.
Current EOBI
Pension Amount:
The minimum pension is Rs. 8,500 and the maximum pension
is Rs. 100,000. The pension is paid on a monthly basis.
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Who is Eligible
for an EOBI pension? Only Pakistani citizens: The EOBI pension benefits are
only applicable for Pakistan citizens who served in private sector
organizations, total service should be more than 10 years or reach 60 years of
age for male or 55 years of female employees. Only Registered
Employees with EOBI: Make sure you have an EOBI registration card either
manually written or online printed to attach with EOBI pension documents. NADRA Evidence
about Exact Age of 60 Years: According to the NADRA record, your age should complete
60 years of age in CNIC. 2 attested photocopies of CNIC must attach with
other pension documents. Minimum Service
Length Should Be 10 Years: As per EOBI rules to apply for an EOBI pension your
service should not be less than 10 years either in 1 organization or different
organizations. 10 years of service is a must to be eligible for an EOBI pension. |
Documents Needed To Process EOBI Pension:
If you are eligible for an EOBI pension, you can apply
for it at your nearest EOBI office. You will need to submit the following
documents:
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A Copy of a Computerized
National Identity Card (CNIC) CINIC Card is a mandatory document to process an EOBI
pension case, without CNIC you cannot submit a pension file, or even if your
CNIC expired also not acceptable to EOBI, so make sure your CNIC card should
be valid. A Copy of Your
EOBI Membership Card: While you registered with EOBI, they provide a
membership card for your record, so keep it safe and secure, your EOBI card
will assist your pension with a valid length of service. You should check the insured person's registration card PI-03
before submission to the EOBI office. EOBI Registration No (000D01574) Insured Person Name: ABC Father/Husband Name: ABC CNIC No: (00000-0000000-0) Date of Registration: 01-01-1990 Date of Birth: 01-01-1970 Address: Employer postal Address/ Home
Permanent Address Issuing Authority’s Signatures A Copy of Your
Service Record: Employer work experience certificates with true
information i.e. your name, father's name, date of birth (as per CNIC car) date
of appointment, or date of exit from service. A Medical
Certificate From a Government Doctor: A medical certificate from a doctor is required but not
mandatory for pension cases, to avoid any delay you must submit it
accordingly. A Last Month Salary Record/Pay slip: The insured person should attach last month's salary sheet in the EOBI pension file to determine the actual minimum wages and EOBI calculates your pension according to the rules. |
EOBI will process your application and will notify you of
the decision within 30 days. If your application is approved, you will start
receiving your pension on the first of the month following the approval of your
application.
EOBI pension is a valuable benefit that can help you to
meet your financial needs in your old age. If you are eligible for an EOBI
pension, I encourage you to apply for it.
EOBI Death Pension:
If an employee dies during the service and the employer paid his/her contribution for at least 3 years can be eligible for pension for the deceased family till the last boy reaches 25 years of age or the last girl's marriage.
EOBI Grant:
EOBI is liable to pay a 1-time grant to the employer who served less than years’ service with an organization and paid regular EOBI contributions. 1-time grant is not a pension, and EOBI is not liable to pay more except only 1-time grant.
How to log in with
a Bank Alfalah Account?
Bank Al Falah offers its employees the best facilities.
It is offering all the benefits of EOBI to its employees. If you are a Bank Al
Falah employee then you can open an EOBI pension account. On that account, you
can check your pension and other details. Your pension will be deposited
directly into your bank account.
You can withdraw with the help of a Bank Alfalah debit
card through any ATM. With the help of an employee identification number, you
can log in to the Bank Alfalah pension account and check your balance.
Contact EOBI
Support
If you have any questions or you need support with the login process, then you can contact EOBI support easily. You can call the Free Helpline 08000 EOBI (3624). The office hours are between 8.00 AM to 4.00 PM Monday to Friday.
Feel free to call the support team and discuss any of your problems. If you are not receiving your pensions then you can file a complaint as well.
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