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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. July 01, 2010 Federal Government is pleased to allow follwoing revised rates of Pension Payemnt to
the Insured Persons and their survivors.
- Minimum Pension has been enhanced from Rs. 2000 per month to Rs. 3000 per month.
- Other pensions have been increased by 15%.
- 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:
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Old-Age Pension
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Survivor's Pension
-
Invalidity Pension
-
Old-Age Grants
Pension Formula:
(Avg. monthly wages x No. of yrs of Insurable
Employment)
50
Pension Rates:
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Minimum
RS. 3000/=
-
Maximum As Per Formula
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