Govt Approves Pension Increase and More Benefits for Employees
In a major step towards improving the financial security of workers, the government has approved increases in EOBI pensions, marriage grants, and death grants. These measures are part of a broader initiative to enhance social protection for the labor class and provide direct economic relief to working families.
EOBI Pension Increased by 15%
One of the most important decisions is the 15% increase in Employees’ Old-Age Benefits Institution (EOBI) pensions. This hike aims to support retired workers in managing their monthly household expenses more efficiently amid inflation and rising living costs.
Pension Increase Table
| Benefit Type | Previous Amount (PKR) | New Amount (PKR) | Increase (%) |
|---|---|---|---|
| Monthly EOBI Pension | 8,500 | 9,775 | 15% |
Marriage Grant for Workers Enhanced
The government has also approved an enhancement in the marriage grant. This grant helps registered laborers cover the wedding expenses of their children, especially daughters, reducing the financial burden on low-income families.
Marriage Grant Table
| Purpose | Previous Grant (PKR) | New Grant (PKR) | Beneficiaries |
|---|---|---|---|
| Child’s Marriage | 100,000 | 150,000 | Registered Workers |
Death Grant Revised to Offer More Support
To further strengthen worker welfare, the death grant amount has also been increased. This grant is vital for families who face sudden financial hardship after the death of a breadwinner. It ensures immediate financial aid for funeral and emergency expenses.
Death Grant Table
| Event Type | Old Amount (PKR) | New Amount (PKR) | Purpose |
|---|---|---|---|
| Worker’s Death | 150,000 | 200,000 | Funeral & family support |
Government’s Vision for Social Security
According to Mustafa Malik, Central Information Secretary of PML-Q and Focal Person for the Ministry of Overseas Pakistanis, these developments are aimed at strengthening social protection and financial stability for workers. He confirmed that the government is taking practical and targeted steps to protect the working class.
Conclusion
The latest approvals for pension hikes, enhanced marriage grants, and revised death grants show the government’s commitment to improving the lives of employees and their families. These moves will significantly ease financial pressure on both retired individuals and working households in Pakistan.
