ISLAMABAD: The Federal Constitutional Court (FCC) has upheld the rights of workers to receive pension under the Employees’ Old-Age Benefits Act, ruling that employees with fourteen-and-a-half years or more of insurable service are entitled to benefits. The judgement reaffirmed the “rounding-off” principle in the 1976 law, which treats periods of six months or more as […]
EOBI
EOBI pensions hiked by 15% starting September
The federal cabinet has approved a significant 15% increase in pensions under the Employees’ Old-Age Benefits Institution (EOBI). This hike will raise the minimum monthly pension from Rs 10,000 to Rs 11,500. The revised amounts will be paid starting from September 1, along with any arrears, as confirmed by Chaudhry Saalik Hussain, the Federal Minister […]