Pension
 
 

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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)


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.

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

     

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