WWW.Eobi.Gov.Pk Login Check for 2023 – The EOB Act came into effect on April 1, 1976, under Article 38 (C) of the Constitution and led to the establishment of the EOBI which stands for Employees’ Old-Age Benefits Institute. The Employees’ Old-Age Benefits Institution (EOBI) is the official government entity that is part of the Ministry of Overseas Pakistanis and Human Resource Development.
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The organization manages a mandatory form of social insurance that is available to all employees who retire at the age of 60, or to their heirs when they die. EOBI was founded in 1976 to offer pensions, old-age benefits as well as social insurance to employees who are registered.
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The institution is not limited to the collecting of contributions from employers and employees but is also involved in the registration and identification of employers (both companies and industries) as well as insured professionals.
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The registered employee as well as employers of the registered individual are required to contribute a portion of their earnings to EOBI for the duration of employment that is insurable. The person who has been certified with the EOBI fund after a time is in the fund so long as they’re employed by a registered employer.
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Employers are required to be able to pay 5 percent of the minimum wage that is set by the government. When they leave their current position the employee will be included in the fund once they start working for a new authorized employer.
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However, the insured worker has to pay 1% of the minimum wage. EOBI pensions can be claimed by a person who is unable to work due to age, infirmity, or death. In the EOBI scheme, the insured can take advantage of the following benefits, which are listed below.
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It provides a certain and constant source of income for these family members or individuals after their death. The government of Pakistan also provides money to EOBI. It also invests in profit-making projects that generate income, which is used to provide pensions to insured people.
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Employers, and employees, have to be registered with the EOBI database in order to gain access to the fund. The minimum pension for the insured is at least Rs. 6500. However, the Special Assistant to the PM to Overseas Pakistanis and Development of Human Resources Zulfiqar Bukhari announced last year that the minimum pension offered to EOBI employees EOBI will be raised from 6500 Rs to 8500.
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This is what it’s about This month, EOBI announced the digitization of all pensioners’ records. Anyone who is insured with the EOBI database can access all their information at their official website. If you’re looking to learn how to get it done then you’re in the right spot.
Address: EOBI House, 190/B/1, Block-2 PECHS Karachi
Helpline: 08000 EOBI (3624)
Email: [email protected]