Wednesday, March 5, 2025

Major reforms in pension system

The federal government has introduced major changes to the pension system, impacting all government employees and pensioners. According to a newly issued notification, pensions will now be calculated based on the average salary of the last 24 months, and employees will no longer be allowed to receive multiple pensions. As per the new policy, government employees' pensions will be determined using the average salary of their final 24 months of service. They will not be permitted to draw more than one pension. However, this rule will not apply to employees who opt for voluntary retirement.

from Pakistan News, Latest News Pakistan, Pakistan Headline | The Express Tribune https://ift.tt/zcLDbGv

No comments:

Post a Comment

NDMA issues nationwide alert for heavy rains

National Disaster Management Authority (NDMA) has issued a nationwide alert, warning of heavy rains, thunderstorms, and an increased risk of...