{"id":61041,"date":"2025-01-01T16:50:18","date_gmt":"2025-01-01T11:50:18","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=61041"},"modified":"2025-01-01T16:50:18","modified_gmt":"2025-01-01T11:50:18","slug":"govt-introduces-intense-pension-reforms-for-retired-employees","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/govt-introduces-intense-pension-reforms-for-retired-employees\/","title":{"rendered":"Govt introduces intense pension reforms for retired employees"},"content":{"rendered":"<p>ISLAMABAD: The Pakistan government announced intense <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/govt-employees-to-receive-early-salaries-pensions-this-december\/\">pension reforms<\/a> for retired employees to keep in check the yearly pension bill. According to the new regulations, a retired employee cannot draw both a salary and a pension at the same time if she\/he resumes work in any other organization.<\/p>\n<p>This means a retired employee will receive only the pension; if he\/she works anywhere, his\/her pension will extinguish for life. But if the spouse of a <a href=\"https:\/\/dailyausaf.com\/en\/business\/pia-employees-to-receive-25-hike-in-salaries\/\">retired employee<\/a> has work or is employed, he\/she may continue receiving the pension until the spouse retires.<\/p>\n<p>The pension should be determined based on the average salary of the final 2 years of employment, which is expected to lead to a cutback in the payouts of pensions. And again, an annual increase in pensions will be made, determined by the average salary, further slashing expenditures on <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/govt-employees-to-receive-early-salaries-pensions-this-december\/\">pension bills<\/a>.<\/p>\n<p>These reforms, developed upon the recommendations of the Pay and Pension Commission, have been communicated to the IMF. A formal notification has been issued by the Ministry recommending implementation of these reforms to all retiring employees.<\/p>\n<p>Earlier, the Pakistan government notified commencement of hike in salaries and pensions for employees proposed in the Budget 2024-25. The ad hoc relief allowance for government employees up till grade-16 has increased by 25 percent, while the rate for government officials from grade-17 to grade-22 has increased by 20 percent.<\/p>\n<p>In addition, a raise in pensions of federal employees by 15 percent was proposed in Budget 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The Pakistan government announced intense pension reforms for retired employees to keep in check the yearly pension bill. According to the new regulations, a retired employee cannot draw both a salary and a pension at the same time if she\/he resumes work in any other organization. This means a retired employee will receive only [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":47345,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[25369,25370],"class_list":["post-61041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-intense-pension-reforms","tag-pension-reforms-for-retired-employees"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/61041","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=61041"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/61041\/revisions"}],"predecessor-version":[{"id":61042,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/61041\/revisions\/61042"}],"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=61041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=61041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=61041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}