The Employees' Old-Age Benefits Institution (EOBI) (Urdu: ادارہِ مراعاتِ معمّر ملازمین) is the pension, old age benefits and social insurance institution of the Government of Pakistan. It operates under the control of Ministry of Overseas Pakistanis and Human Resource Development. It came into formation in 1976, through the passage of the Employees' Old-Age Benefits Institution Act of 1976 by the Parliament of Pakistan. Naheed Shah Durrani is the chairperson of Employee's Old-Age Benefits Institution. EOBI operates on the partially funded basis. The insured person as well as the employer of the insured person are supposed to make contribution to EOBI during the period of insurable employment. Employers are supposed to pay 5% of the minimum wages prescribed by the government while employees are supposed to pay 1% of the minimum wages. This contribution constitutes half of the total contribution while remaining half comes from the Government of Pakistan. Government of Pakistan contributed to this scheme till 1995 but withdrew thereafter. The current EOBI Contribution is Rs. 1500 per month for every employee, out of which Rs. 1250 is contributed by the employer while Rs. 250 is contributed by the employee. More information...
According to PR-model, eobi.gov.pk is ranked 446,401st in multilingual Wikipedia, in particular this website is ranked 246,686th in English Wikipedia.
The website is placed before tamqui.com and after japanresearch.org.tw in the BestRef global ranking of the most important sources of Wikipedia.
