Does An EOBI Employee Claim Pension In The Following Conditions

Does An EOBI Employee Claim Pension In The Following Conditions?

Does An EOBI Employee Claim Pension In The Following Conditions? According to the pension rules, EOBI provides them a grant at the time of retirement of the EOBI employee. In the following conditions, an employee of a private organization can claim a pension grant at the time of his retirement.

Does An EOBI Employee Claim Pension In The Following Conditions

When a man retires after the age of 60 years and a woman retires after 55 years they claim pension but if due to some reason they can’t claim pension then EOBI gives them a pension grant. Following are some conditions where an employee can’t claim the pension. 

  • When an employee registered with the EOBI program after the age of 18 years and before the age of 40 years and his working period with a private organization was less than 15 years then he can’t claim a pension.
  • An employee’s age was 40 to 45 years at the time of registration with EOBI and his working experience was less than 7 years so he can’t claim the pension. 
  • If an employee’s age was 45 years or up to 45 years at the time of registration with the EOBI program and his working experience was less than 5 years then he can’t claim the pension.

In these conditions, an employee can’t claim a pension but he can claim a pension grant. A pension grant is a specific amount that is provided by EOBI after retirement. 

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