Under EOB Scheme, Insured Persons are entitled to avail benefit like, Old-Age Pension (on the event of retirement), Invalidity Pension (In case of permanent disability), Old-Age Grant (an Insured Person attained superannuation age, but does not posses the minimum threshold for pension) Survivor's Pension (in case an Insured Person is expired)
Kind of Benefits/Pension:
Old-Age Pension
Survivor's Pension
Invalidity Pension
Old-Age Grants
Pension Formula:
(Average Minimum Monthly Wages x No. of years of Insurable Employment)
50
Pension Rates:
Minimum RS. 8,500/=
Maximum As Per Formula
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