What is EOBI
EOBI stands for Employees’ Old-Age Benefits Institution. It is a federal government institution of Pakistan. It runs a social insurance scheme for private sector workers under the EOB Act 1976. Employers and workers pay a monthly contribution, and EOBI pays pension in old age, disability or death.
EOBI full form and meaning
| Full form | Employees’ Old-Age Benefits Institution |
| Law | Employees’ Old-Age Benefits Act 1976 |
| Started | 1 April 1976 |
| Ministry | Ministry of Overseas Pakistanis and Human Resource Development |
| Head office | EOBI House, Karachi |
| Offices | 40 regional offices. Find yours |
How EOBI works
- An employer with 5 or more workers registers with EOBI.
- Each worker gets an EOBI No.
- Every month, 6% of the minimum wage goes to EOBI: 5% from the employer and 1% from the worker.
- At 60 (men) or 55 (women) with 15 years of contribution, the worker gets a monthly pension.
Benefits EOBI pays
- Old-Age Pension: monthly, for life.
- Old-Age Grant: one-time payment for 2 to under 15 years.
- Survivor’s Pension: for the family after death.
- Invalidity Pension: for permanent disability.
Who runs EOBI
A tripartite Board of Trustees manages EOBI. The Secretary of the Ministry is the President. Members include the EOBI Chairman, federal finance and ministry representatives, the four provincial labour secretaries, and four employer and four worker representatives, one from each province.
The official list shows 158,183 registered employers across 40 regions.
Why EOBI is deducted from salary
The law makes every covered worker pay 1% of the minimum wage. With the current Rs 40,000 minimum wage, that is Rs 400 per month. Your employer adds 5%. This builds your pension record. Contribution details
ای او بی آئی کیا ہے
- ای او بی آئی نجی شعبے کے ملازمین کا سرکاری پنشن ادارہ ہے۔
- آجر 5 فیصد اور ملازم 1 فیصد کنٹری بیوشن دیتا ہے۔
- 60 سال (مرد) یا 55 سال (خواتین) پر پنشن ملتی ہے۔
Frequently asked questions
What is the full form of EOBI?
Employees' Old-Age Benefits Institution.
Is EOBI government or private?
EOBI is a federal government institution under the Ministry of Overseas Pakistanis and Human Resource Development.
Who is covered by EOBI?
Workers of private industries and establishments with 5 or more employees. Smaller employers can join voluntarily.
Why is EOBI deducted from my salary?
The EOB Act requires each covered worker to pay 1% of the minimum wage. The employer pays 5%. This funds your pension.
What is the EOBI number?
It is the registration number EOBI gives each insured person. It is printed on the EOBI card.