In a welcome move for retired employees across the country, the federal cabinet has approved a 15% raise in pensions under the Employees’ Old-Age Benefits Institution (EOBI). This decision, announced on Saturday, brings much-needed financial relief to pensioners who rely on these benefits.

Retirees have long awaited an adjustment in their pensions to keep up with rising living costs. With this new increase, the government aims to improve the quality of life for the elderly and retired workforce. The move reflects the government’s commitment to social welfare and supporting its senior citizens.

Stay tuned for more updates on when the increased pension payments will start. This 15% hike means that thousands of pensioners will soon see a boost in their monthly income, helping to ease their everyday expenses.

For retirees and their families, this is indeed promising news. We’ll continue to monitor developments and share all relevant details right here. Read more