Employees Old-Age Benefits Institutions has issued Notification on 25-02-2019 in connection with Clarification Increase Rates EOB Pension. Detail is as under:

2.  Ministry of Overseas Pakistanis and Human Recourse Development, Government of Pakistan vide Notification # 7(3)2018-EOBI dated 20^th January 2019, in exercise of the powers conferred by sub-section (a) of section 2 of EOB Act 1976 has been pleased to allow 20% increase in the rate of pension for  pensioners and to round of the minimum amount of pension of Rs. 6,500/- per month as other benefit with effect from 1^st September 2018.

3.   In line with above and in order to bring clarity for proper implementation of the said notification following guidelines / steps are required to be adhered to in letter and spirit.

i. Pensioners drawing Employees Old-Age Benefits Institutions has issued Notification on 25-02-2019 in connection with Clarification Increase Rates EOB Pension. Detail is as under: i.e. @ Rs. 5,250/- shall be given Rs. 6,500/- as minimum pension.

ii. Pensioners getting reduced or formula pensioners shall be given 20% increase in their existing pension.

iii. Pensioners getting formula pension ranging from Rs. 5,260/- to 5,417/- shall be given 20% increase with rounded off minimum amount of pension to Rs. 6,500/-

iv. Increase in formula and reduced pension shall be allowed to those whose FIR is registered between 01.09.2018 to 30.06.2019. However the minimum pension of Rs. 6,500/- will be continued to the next financial years.

v. The claimants of pensioners whose First Intimation Report (FIR) was filed between 1^st September 2018 to 30^th June 2019 shall be awarded arrears with 20% increase in case of formula pension / reduced pension and FIRs registered on and after 1^st July 2019 shall not have this benefit.

Special thanks to Mr. Zahid Khan for sending the copy of the Notification of Clarification Increase Rates EOB Pension.