E.O.B.I (employees old age benefit institutions), was established in 1976, and its main purpose was to give benefits to the retired people. In the beginning it was only concerned with the people who earn 1000 rupees or less/month, but as the policies kept on changing, now it is also consider the people earning minimum wages, i.e., 7000/month. E.O.B.I makes sure that the employees when retired does not faces any financial problem. Apart from retiring it also helps the workers who had been disabled, during or after work. But the main thing is that the workers need to register with E.O.B.I, in order to get those benefits, after retiring from job.
Director E.O.B.I, Mr. Hanif Baloch a very jolly and kind person. He belonged to a poor family living in Saleh Muhammad village. His father had a small shop in the village. “It was my struggle and hard work that helped me to reach at this place”; said Hanif Baloch. Hanif Baloch acquired its early education from a small school in the village. He did his graduation from Government Science College, and was enrolled in for the degree of M.B.A in I.B.A (Institute of Business Administration). After completing his M.B.A he went to U.S.A, on scholarship, and acquired the degree of M.P.A (Masters in Public Administration), from the Kennedy school of government.
According to him the major problem in Pakistan is, that the workers are unaware of such benefits, hence they do not register themselves with such institutions, therefore are deprived from such benefits. He also mentioned another institution, which is known as Service Social Security Institution, this institution is concerned with the financial solutions of the workers during their job period. He again and again focused on the point that they must be aware of these institutions, so that they register themselves with these institutions in order to enjoy the benefits that these institutions give.
Mr. Hanif Baloch also mentioned that the government fund them to a certain extent. It is usually private institutions that are funding them. He mentioned that it makes their job very difficult when the government is not funding them enough. He also mentioned that the E.O.B.I also helps the families of the retired worker at times of need, for example when they suffering through diseases or at times of the weddings of the workers family members.
He said that the youth of Pakistan is very energetic. They must utilize their qualities, and must continue their struggle for a better life. He also said that to lead a better life one must work hard to become a better person.