EOBI pensioners get new annuity with two-month arrears
ISLAMABAD: The Employees Old-Age Benefits Institution (EOBI) has credited an amount of Rs 12,500 to the account of each pensioner which included last month’s annuity of Rs 2,500 raise and arrears of January and February.
In December, 2019 the government had announced a raise of 30 percent and increased the pension amount from Rs 6,500 to Rs 8,500 which had to be received by the pensioners from January 01, 2020.
An amount of Rs 5.8 billion had been deposited in accounts of over 400,000 registered persons who would be receiving Rs 4,000 in terms of outstanding dues and Rs 8,500 as new pension for the month of March, said a senior officer in EOBI while talking to APP on Wednesday.
He said some four projects of the EOBI had been reinvigorated that would generate additional Rs 5 billion revenue after its completion. The current management was committed to boost its revenue generation which would eventually help take pro-pensioners initiatives, he added.
He said the digitization of department was also in process as the Request For Proposal for the EOBI Transformation Initiative had been floated recently. - APP