Good news for EOBI pensioners! The delayed Rs. 1,500 monthly increase will be paid on September 1st, along with a lump sum of 8 months of arrears.
EOBI Pensioners to Get Increase with 8 Months of Arrears
Islamabad - In a development bringing significant relief to millions of senior citizens, the Employees' Old-Age Benefits Institution (EOBI) has confirmed its pensioners will finally receive their long-awaited pension increase. This payment will include all accumulated arrears and is scheduled for September 1, 2025.
More From Geo News, The Federal Government had earlier approved a substantial Rs. 1,500 monthly increase to the basic pension. This crucial decision was made effective from the beginning of the year, on January 1, 2025. This important policy move officially raised the minimum pension from Rs. 10,000 to Rs. 11,500 per month, a decision that received formal approval from the Federal Cabinet.
Sources within the EOBI have now officially confirmed that the payment pensioners receive for August, disbursed in September, will include the full arrears accumulated over the past eight months. This means each pensioner is set to receive a substantial one-time lump-sum payment in addition to their regular monthly pension. The delay had been a point of growing concern, and this definitive confirmation provides a clear and welcome timeline for the much-needed financial relief.
The financial breakdown of the upcoming September 1st payment is straightforward. With the Rs. 1,500 increase being effective from January 1st, pensioners will receive back-pay for the entire eight-month period up to August. This calculates to a total arrears payment of Rs. 12,000 per pensioner. On September 1st, they will receive this lump sum in addition to their regular monthly pension at the new, higher rate of Rs. 11,500.
The Employees' Old-Age Benefits Institution (EOBI) serves as a vital pillar of the social insurance infrastructure in Pakistan. It functions by collecting monthly contributions from both employers and employees in registered private-sector organizations. This fund is then managed to provide a regular monthly pension to insured workers upon their retirement, in cases of permanent invalidity, or to their dependents after death. For a large segment of the population, the EOBI pension is their primary source of income, making its timely functioning a matter of national importance.
The recent increase and confirmation of the arrears payment are particularly critical in the current economic climate. With persistent inflation, elderly citizens on fixed incomes are often the most financially vulnerable. The additional Rs. 1,500 per month, and especially the one-time arrears payment of Rs. 12,000, will provide immediate and tangible relief, helping pensioners better manage their essential expenses. This move is a reaffirmation of the government's commitment to its social welfare responsibilities.
Frequently Asked Questions (EOBI Pension)
1. What is the new EOBI pension amount and how much was the increase?
The Federal Government increased the EOBI pension from Rs. 10,000 to Rs. 11,500 per month. This is a monthly increase of Rs. 1,500.
2. When will pensioners receive the increased amount and the arrears?
All pensioners will receive the increased amount along with all accumulated arrears with their pension payment on September 1, 2025.
3. How much will the arrears payment be?
The pension increase was effective from January 1, 2025. The payment on September 1st will include all arrears from January to August 2025, which amounts to a lump-sum payment of Rs. 12,000 (Rs. 1,500 x 8 months) per pensioner.
4. Who approved this pension increase?
The increase in the EOBI pension was a decision made by the Federal Government and was formally approved by the Federal Cabinet.