"The government is expected to increase the pension from the Employees Old-Age Benefit Institution (EOBI) from the current Rs8,500 to Rs10,000 per month in the next fiscal year’s federal budget."
According to the EOBI Official, 90% of the pension cases of the institution had been settled and pension payments worth more than Rs4 billion are being made to 430,000 registered pensioners. “This institution is paying a total of Rs52 billion annually.”
The institution has issues cards to all the registered pensioners. Through the EOBI card the pensioners can easily withdraw their pension amount from ATM machine and other easy money facility in any city or area in the country.