Islamabad: The federal government has announced significant changes to the pension policy for government officials and employees, aiming to save billions of rupees annually from the national treasury.
According to a notification issued by the federal government, new conditions have been imposed on government pensions, including a ban on officials receiving double pensions. The new policy stipulates that government officials in key positions will be entitled to only one pension, and any annual increases will only apply to the primary pension.
Under the revised policy, pensions will now be calculated based on the last 24 months of service, and the Pay and Pension Commission will review basic pensions every three years.
Read more: Govt Employees to Receive Early Salaries and Pensions This December
The Ministry of Finance has also implemented the recommendations of the Pay and Pension Commission 2020, which are expected to bring significant savings to the national budget. These changes are expected to greatly reduce the financial burden on the government while ensuring a more sustainable pension system.
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