About Us
The Employees Old-Age
Benefits Institution (EOBI) is a statutory body established under the Employees
Old-Age Benefits Institution Act, of 1976.
The objective of EOBI is
to provide social security to the working class in Pakistan by ensuring old-age
benefits, invalidity pensions, survivor's pensions, and old-age grants.
EOBI was established in
1976 with the following objectives:
1.
To provide social
security to the working class in Pakistan
2.
To ensure old-age
benefits, invalidity pensions, survivor's pensions, and old-age grant
3.
To improve the lives of
the working class in Pakistan
4.
To make Pakistan a more
just and equitable society
EOBI has been providing
social security to the working class in Pakistan for over 40 years. It has
helped millions of people to secure their financial future after retirement or
disability. EOBI has played a vital role in improving the lives of the working
class in Pakistan and has helped to make Pakistan a more just and equitable
society.
EOBI has a network of
over 1,000 offices across Pakistan. It employs over 5,000 people. EOBI has a
total asset base of over Rs. 100 billion.
EOBI provides the
following benefits to its beneficiaries:
- Old-age pension
- Invalidity pension
- Survivor's pension
- Old-age grant
EOBI's benefits are
funded by contributions from employers and employees. Employers are required to
contribute 5% of the basic wages of their employees to EOBI. Employees are
required to contribute 1% of their basic wages to EOBI.
To be eligible for EOBI
benefits, a person must meet the following criteria:
Be a Pakistani citizen
Be in regular
employment
Have contributed to
EOBI for a minimum of 10 years
EOBI is a vital social
security institution that plays an important role in the lives of millions of
people in Pakistan. It has helped to improve the lives of the working class and
has made Pakistan a more just and equitable society.
Here are some of the
ways that EOBI has helped to improve the lives of the working class in
Pakistan:
EOBI has provided
financial assistance to millions of people who have retired or become disabled.
EOBI has helped to
improve the standard of living of millions of people who would otherwise have
been living in poverty.
EOBI has helped to make
Pakistan a more just and equitable society by providing social security to the
working class.
EOBI is committed to providing social security to the working class in Pakistan. It will continue to work to improve the lives of the working class and to make Pakistan a more just and equitable society.
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