{"id":47342,"date":"2024-09-04T11:44:46","date_gmt":"2024-09-04T06:44:46","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=47342"},"modified":"2024-09-04T13:05:52","modified_gmt":"2024-09-04T08:05:52","slug":"new-pension-scheme-for-federal-govt-employees-introduced","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/new-pension-scheme-for-federal-govt-employees-introduced\/","title":{"rendered":"New pension scheme for federal govt employees introduced"},"content":{"rendered":"<p>ISLAMABAD: In a significant move, the government has launched a new contributory pension fund scheme for all federal government employees, as announced by the <a href=\"https:\/\/dailyausaf.com\/en\/technology\/mobilink-bank-revolutionizes-financial-independence-for-women-with-an-industry-first-inheritance-calculator\/\">Ministry of Finance<\/a> in a recent office memorandum.<\/p>\n<p>The <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/kp-govt-introduces-new-pension-scheme-heres-all-you-need-know\/\">contributory pension fund scheme<\/a> is designed to provide a secure and stable financial future for government employees, allowing them to contribute to their retirement fund and receive a steady income after retirement.<\/p>\n<h2><a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/fia-investigates-massive-embezzlement-of-millions-from-pension-funds\/\">Eligibility Criteria for Pension Fund Scheme<\/a><\/h2>\n<ul>\n<li>All permanent federal government employees hired from July 1, 2024, onwards will be facilitated under this scheme.<\/li>\n<li>Civilian employees who receive their salaries from the defense budget will also receive their pension under the scheme.<\/li>\n<li>\u00a0Armed forces personnel recruited permanently from July 1, 2025, onwards.<\/li>\n<\/ul>\n<p>This move is expected to bring significant benefits to government employees, providing them with a sense of financial security and stability.<\/p>\n<p>The scheme&#8217;s introduction is also expected to help reduce the financial burden on the government in the long run, as it will shift the pension liability from a defined benefit to a defined contribution system.<\/p>\n<p>This move is seen as a step towards pension reform, aimed at ensuring the sustainability of the pension system and providing better benefits to government employees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: In a significant move, the government has launched a new contributory pension fund scheme for all federal government employees, as announced by the Ministry of Finance in a recent office memorandum. The contributory pension fund scheme is designed to provide a secure and stable financial future for government employees, allowing them to contribute to [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":47345,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[684,1793,21280,21290],"class_list":["post-47342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan","tag-federal-government","tag-ministry-of-finance","tag-contributory-pension-fund-scheme","tag-eligibility-criteria-for-pension-fund-scheme"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/47342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=47342"}],"version-history":[{"count":3,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/47342\/revisions"}],"predecessor-version":[{"id":47347,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/47342\/revisions\/47347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/47345"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=47342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=47342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=47342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}