Pension Plans | MCQs

Explanation

In Pakistan, a government servant becomes eligible for a pension after completing 25 years of qualifying service.

If a person retires before 25 years (except on medical grounds or death), they are usually not entitled to a pension.

Explanation

The superannuation/retirement age in Pakistan is typically 60 years for most government employees.

Explanation

• Superannuation pension is granted to civil servants who retire at the age of sixty (or after completing a certain number of years of service).
• It is a type of retirement pension that is earned by an employee during their service and is paid out after they retire.

Explanation

The Employees' Old-Age Benefits Institution (EOBI)

It is the pension, old age benefits, and social insurance institution of the Government of Pakistan.

It came into formation in 1976

Headquarters: Karachi