Old-Age Benefits Institution

What Old-Age Benefits Institution does

Employees' Old-Age Benefits Institution (EOBI) is a statutory government body corporate established under the Employees' Old-Age Benefits Act, 1976, and operating under the Ministry of Overseas Pakistanis and Human Resource Development, Government of Pakistan. It administers compulsory social insurance for private-sector industrial and commercial workers across all four provinces and the federal capital area, delivering four core benefit products: Old-Age Pension (monthly income after retirement at age 60 for men, 55 for women, and 55 for miners with at least 10 years in mining), Survivor's Pension (lifetime benefit for spouses and minor children of deceased insured persons with at least 36 months of contributions), Invalidity Pension (for permanently incapacitated insured persons meeting contribution thresholds), and Old-Age Grant (lump-sum payment for those with less than 15 but at least 2 years of contributions). As of the latest disclosed data, 825,725+ pensioners are receiving benefits, comprising 481,101 old-age pensioners, 258,297 survivor pensioners, 73,126 old-age grant recipients, and 13,201 invalidity pensioners. The minimum monthly pension was raised to Rs. 11,500 from January 2025.

EOBI is self-sustaining and does not receive financial assistance from the federal government for operations. It is funded by mandatory employer contributions of 5% of minimum wages and employee contributions of 1% of minimum wages per insured worker, collected through a network of 40+ regional and field offices and the National Bank of Pakistan. Monthly contribution inflows for FY 24-25 ranged from Rs. 5.1 billion to a peak of Rs. 8.523 billion in June 2025. The institution manages a Rs. 117 billion investment portfolio in government securities, equities, and real estate via its wholly-owned subsidiary, Pakistan Real Estate Investment & Management Company (PRIMACO), which has Rs. 100 million paid-up capital and operates shopping malls, hotels, and residential complexes.

EOBI's technology stack centers on the EOBI Facilitation System (FS2E), a 24/7 online portal for pension claims, employer registration, contribution payments, and individual information queries, complemented by mobile applications, SMS notifications, and integration with the Pakistan Citizen Portal and Ombudsman Secretariat. Governance is provided by a tripartite Board of Trustees comprising federal and provincial government representatives, employers, and employees, chaired by Dr. Jawaid Shaikh with Nadeem Aslam Chaudhary (Secretary, Ministry of Overseas Pakistanis) serving as President of the Board.

Name

Old-Age Benefits Institution

Legal name

Employees' Old-Age Benefits Institution

Website

https://eobi.gov.pk

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Employees' Old-Age Benefits Institution (EOBI) is a Pakistani statutory government body that administers compulsory old-age, survivor, and invalidity social insurance for private-sector industrial and commercial workers nationwide, funded by 6% mandatory contributions on minimum wages and serving 825,725+ pensioners through a 40+ office network.

Ownership category

akta.pro rank

Product category

Pension Administration / Social Security

NAICS

Pension Funds (525110)

SIC

Life Insurance (6311)

akta.pro primary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

Keywords

• Social insurance benefits
• Pension administration
• Old-age benefits
• Retirement security
• Government social security

Headquarters

HQ city

Karachi

HQ country

Pakistan

HQ region

Asia

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Employer Contributions: Compulsory contributions collected from employers at 5% of minimum wages for all industrial and commercial organizations where EOB Act applies. This is the primary revenue stream funding pension disbursements.
2. Employee Contributions: Contributions collected from employees at 1% of minimum wages. Combined total contribution is 6% per month per employee.
3. Investment Income: Returns generated from investment portfolio of Rs. 117 billion in government securities, equities, and real estate managed by PRIMACO subsidiary
4. Government Contribution: Federal Government may make contributions to the Institution as determined from time to time (Section 9A of EOB Act 1976)

Pricing tiers

Distribution channels5 records

Marketing channels6 records

Core offering

EOBI administers compulsory social insurance under the Employees' Old-Age Benefits Act, 1976, providing Old-Age Pensions, Survivor's Pensions, Invalidity Pensions, and Old-Age Grants to insured industrial and commercial workers across Pakistan. The institution is funded through mandatory 5% employer and 1% employee contributions on minimum wages and manages a Rs. 117 billion investment portfolio through its PRIMACO subsidiary. Services are delivered through 40+ regional offices, the 24/7 EOBI Facilitation System online portal, and banking partnerships, currently serving 825,725+ pension beneficiaries with a guaranteed minimum monthly pension of Rs. 11,500 from January 2025.

Product overview

Employees' Old-Age Benefits Institution (EOBI) is a Pakistani government social insurance institution operating under the Ministry of Overseas Pakistanis and Human Resource Development. The organization provides compulsory social insurance benefits to industrial and commercial workers as mandated by Article 38(C) of the Constitution and the EOB Act 1976. EOBI's core offerings consist of four pension and grant products: Old-Age Pension (for retired workers), Survivor's Pension (for dependents of deceased workers), Invalidity Pension (for permanently disabled workers), and Old-Age Grant (lump-sum for those with insufficient contribution history). These benefits are administered through the EOBI Facilitation System (FS2E) online portal and the Individual Information System. The institution also operates PRIMACO, a wholly-owned real estate subsidiary managing a Rs. 117 billion investment portfolio. Contributions are collected at 5% from employers and 1% from employees based on minimum wages, with the institution disbursing Rs. 11,500 minimum monthly pension from January 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Old-Age Pension
• Survivor's Pension
• Invalidity Pension
• Old-Age Grant
• PRIMACO (Pakistan Real Estate Investment & Management Company) Wholly-owned subsidiary of EOBI responsible for managing the institution's real estate portfolio, including acquiring land, developing properties, and constructing shopping malls, hotels, and residential complexes. Manages an investment portfolio component as part of EOBI's Rs. 117 billion total investment portfolio, with paid-up capital of Rs. 100 Million.

Quantifiable outcome

• Minimum pension of Rs. 11,500 per month guaranteed from January 2025
• +2 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Pakistan Citizen PortalcoreTechnology or Integration · 1 January 2025Integration with Pakistan Citizen Portal provides 24/7 accessibility for EOBI services as part of the government's digital transformation initiative. Citizens can access EOBI services through the centralized government portal.
• Ombudsman SecretariatcoreStrategic or Co-development Partner · 1 January 2025Ombudsman portal integration allows citizens to file grievances related to EOBI services through the official channels, ensuring accountability and dispute resolution.
• Korangi Association of Trade & Industry (KATI)minorStrategic or Co-development Partner · 1 January 2025Industry association partnership for expanding EOBI Act coverage and ensuring timely benefit delivery to workers. EOBI Chairman visits KATI to discuss scheme expansion and labor welfare initiatives.
• National Bank of Pakistan (NBP)coreChannel Partner/ Reseller/ Distributor · 1 January 1976NBP serves as the primary banking partner for EOBI's contribution collection and pension disbursement services. All EOBI collection accounts are maintained in authorized banks, with NBP branches handling the bulk of transactions across Pakistan.
• Provincial Labour DepartmentscoreImplementation/ SI/ Consulting Partner · 1 January 1976Labour Secretaries from all four provinces (Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan) serve as members of the Board of Trustees, ensuring coordination between federal and provincial governments.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• National Pension System (NPS) India: NPS is India's defined-contribution pension scheme complementing EPFO's defined-benefit structure. Comparable to EOBI's retirement benefit function but with a different funding architecture (DC vs DB) and partial overlap with Pakistan's potential pension reform direction.

Direct peers

• Punjab Employees Social Security Institution (PESSI): PESSI is the provincial counterpart to EOBI in Pakistan, administering social security benefits (sickness, maternity, disability, survivor benefits) for workers in Punjab. Comparable in Pakistani regulatory context, mandatory employer contributions, and government ownership structure.
• National Social Security Fund (NSSF) Kenya: NSSF Kenya is a statutory pension fund requiring mandatory contributions from formal-sector employers and employees, paying retirement, survivor, and invalidity benefits. Directly comparable to EOBI in compulsory contribution model and benefit structure for emerging-market workforce.
• Employees Provident Fund (EPF) Malaysia: Malaysia's EPF is a statutory social security fund requiring mandatory employer/employee contributions and providing retirement, disability, and survivor benefits. Comparable to EOBI in compulsory contribution model, defined-benefit pension structure, and government ownership.
• Central Provident Fund (CPF) Singapore: Singapore's CPF administers mandatory savings and pension contributions for workers and self-employed persons. Directly comparable to EOBI in compulsory contribution framework, multi-benefit pension structure, and government-owned administration model.
• Employees' Provident Fund Organisation (EPFO) India: EPFO is India's statutory social security institution managing provident fund and pension schemes for private-sector workers. Directly comparable to EOBI in mandate (compulsory employer/employee contributions, defined-benefit pensions), beneficiary scale (millions), and structure (government-administered, networked offices, digital portals).
• Employees Provident Fund (EPF) Sri Lanka: EPF Sri Lanka administers mandatory provident fund contributions and retirement benefits for private-sector employees, similar in mandate and statutory structure to EOBI in Pakistan. Comparable in compulsory contribution rates and government ownership.
• Sindh Employees Social Security Institution (SESSI): SESSI is Sindh province's social security institution parallel to PESSI, covering industrial and commercial workers in Sindh for health and disability benefits. Directly comparable to EOBI in mandate, contribution mechanism, and operational structure within Pakistan.

Regional players

• Benazir Income Support Programme (BISP): BISP is Pakistan's federal cash-transfer welfare programme targeting low-income households. Thematically comparable to EOBI as part of Pakistan's social protection architecture, but addresses poverty alleviation rather than contributory pensions, and serves informal workers outside EOBI's mandate.

Others

• National Bank of Pakistan (NBP): NBP is EOBI's primary banking partner for contribution collection and pension disbursement across Pakistan. Comparable as a critical infrastructure/distribution partner in EOBI's service delivery chain rather than a direct competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/eobiofficial
• Facebookfacebook.com/eobiofficial
• Instagraminstagram.com/eobiofficial
• LinkedInlinkedin.com/company/employees-old-age-benefits-institution-under-ministry-of-labour

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Old-Age Benefits Institution