Employees Old Age Benefits EOBI Login Process and Stepwise Guidance
EOBI is a government institution responsible for providing pensions and other benefits to registered employees upon their retirement, disability, or in the event of their death. It operates under the Ministry of Overseas Pakistanis and Human Resource Development.
EOBI provides the following key benefits:
- Old-Age Pension: A monthly pension for insured persons who have reached the age of 60 for males and 55 for females, with at least 15 years of insurable employment.
- Invalidity Pension: A monthly pension for insured persons who become permanently incapacitated and unable to work before reaching the age of 60/55 with at least five years of insurable employment.
- Survivors Pension: A monthly pension for the surviving family members (spouse, children, and parents) of a deceased insured person.
- Old-Age Grant: A lump-sum payment to insured persons who have reached the retirement age but have not completed the minimum required 15 years of insurable employment.
Employers in Pakistan are required to register their employees with EOBI and contribute a specific percentage of their wages to the institution. Employees are also required to contribute a small percentage of their wages to EOBI. These contributions are used to fund the various benefits provided by EOBI.
How EOBI Works
EOBI (Employees’ Old-Age Benefits Institution) in Pakistan works through a system of registration, contribution, and benefit disbursement. Here’s a detailed explanation of how it works and how both employers and employees can use the EOBI system.
- Registration:
- Employers: Employers are required to register their businesses and their employees with EOBI. This can be done through the EOBI website or by visiting an EOBI regional office. Employers need to fill out the prescribed forms and provide necessary documentation.
- Employees: Once registered by the employer, each employee is issued an EOBI card with a unique registration number. Employees can also verify their registration status online.
- Contributions:
- Employers: Employers are required to contribute 5% of the minimum wage of their employees to the EOBI fund.
- Employees: Employees contribute 1% of their minimum wage to the EOBI fund.
- These contributions are made on a monthly basis and can be submitted online through the EOBI website or through designated banks.
- Record Maintenance:
- Employers must maintain accurate records of their employees’ wages and contributions. This information is periodically reported to EOBI.
- Employees should ensure their employment details and contributions are correctly recorded and reflected in their EOBI accounts.
- Benefits Disbursement:
- Old-Age Pension: Employees who reach the retirement age (60 for males, 55 for females) with at least 15 years of contributions are eligible to apply for an old-age pension.
- Invalidity Pension: Employees who become permanently incapacitated and have at least five years of contributions can apply for an invalidity pension.
- Survivors Pension: In case of the death of an insured employee, their surviving family members (spouse, children, or parents) can apply for a survivors pension.
- Old-Age Grant: Employees who reach retirement age but have not completed the required 15 years of contributions can receive a lump-sum old-age grant.
How to Use the EOBI System:
For Employers:
- Registration:
- Visit the EOBI website (EOBI Official Website) or an EOBI regional office.
- Fill out the employer registration form and submit required documents.
- Register all employees with EOBI and obtain their EOBI cards.
- Contribution Submission:
- Calculate monthly contributions (5% of the minimum wage for employers, 1% for employees).
- Submit contributions online through the EOBI website or via designated banks.
- Maintain accurate records of wages and contributions.
- Reporting:
- Periodically report employees’ wages and contributions to EOBI.
- Ensure all records are up to date.
For Employees:
- Verification:
- Verify registration status and contributions through the EOBI website using the unique EOBI registration number.
- Ensure all employment and contribution details are correct.
- Applying for Benefits:
- Old-Age Pension: Apply upon reaching retirement age with at least 15 years of contributions.
- Invalidity Pension: Apply if permanently incapacitated with at least five years of contributions.
- Survivors Pension: Family members can apply in the event of the employee’s death.
- Old-Age Grant: Apply if reaching retirement age without completing the required 15 years of contributions.
- Documentation:
- Provide necessary documentation (e.g., identity proof, contribution records) when applying for benefits.
- Tracking Benefits:
- Track the status of benefit applications and payments through the EOBI website or by contacting EOBI offices.
Online Resources:
- EOBI Official Website: http://www.eobi.gov.pk/
- EOBI Portal for Employers and Employees: Access to registration, contribution submission, and benefit applications.
By following these steps, both employers and employees can effectively use the EOBI system to ensure compliance and secure benefits.
EOBI Login
Employer or employees can use the EOBI portal to avail the services. EOBI login detail is provided to each registered person. Use your username and password and login EOBI through the portal.