Government announces 20% increase in EOBI pensions
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The federal government on Wednesday issued a notification announcing a 20 per cent increase in the pension rate for Employees Old-Age Benefits Institution (EOBI) pensioners.
The government has also set the minimum amount of pension at Rs6,500 per month, according to the notification issued by the Ministry of Overseas Pakistanis and Human Resource Development.
The changes will go into effect retrospectively, starting on September 1, 2018.
The federal cabinet had accorded approval to a 20pc increase in the EOBI pensions last week.
According to the notification, the decision was taken in exercise of powers conferred on the government by the Employees Old-Age Benefits Act, 1976.
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On DawnNews
Jan 31, 2019 12:32am
Wonderful news! Khan and company have large hearts. Go, Khan go! Blessings to the
elderly and a lot of love...
Gordon D. Walker
Canada
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Jan 31, 2019 01:56am
But make sure, in betweens dont take huge cuts from every pay out which was happening in PPP and PML-N time.
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Jan 31, 2019 02:14am
Now here is a government that believes in delivering rather than making tall claims
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