#New

Pension reforms in Pakistan
The federal government has introduced pension reforms to cut financial expenditures after proposing a 15% hike in pensions of government employees in the Budget FY25 unveiled earlier this month.
The fresh amendments were introduced by the federal government to cope with an increasing burden on the national exchequer on account of pensions entitled to employees and their families.
The documents, obtained by Geo News, of the reviewed pension scheme showed recent modifications approved and notified by the federal government, covering different categories of post-retirement allowances, and existing and future pension hike plans.
Sources told Geo News that the amendments were formulated with consultations of finance, defence and interior ministries.
Federal government employees shall be entitled to a gross pension based on 70% of average pensionable emoluments drawn during the last 24 months of service prior to retirement.
In the light of proposed amendments, a pensioner will have the option to retain either a pension or draw a salary from said employment in case of re-appointment in public service on a regular or contractual basis after retiring at the age of 60 years.
Ordinary, special family pension
Ordinary Family Pension, after the death or ineligibility of the spouse, shall be admissible to remaining entitled family members for a maximum period of 10 years, the document read.
In this video Rehman Ali Bajwa, chief coordinator of All government employees grand alliance explained the flaws of new pension reforms in Pakistan. ‪@employeespensionerstv‬