F.No. 9(3)R-6/2024-401
01-January-2025
Regulations Wing, Finance Division, Government of Pakistan
Government of Pakistan Introduces New Pension Regulations for Transparency:
The Government of Pakistan, through the Finance Division (Regulations Wing), continues to prioritize the enhancement of policies related to public service pensions. As part of these ongoing efforts and following the recommendations of the Pay and Pension Commission-2020, significant changes have been introduced regarding the calculation of pensionable emoluments. These revisions aim to establish a fairer and more standardized method of calculating pensions, ensuring consistency and transparency in financial matters for retiring employees. This notification highlights the updated framework for pension calculation, effective immediately. Notification Describes;
Government of Pakistan
Finance Division
(Regulations Wing)
F.No. 9(3)R-6/2024-401
Islamabad, the 1st January, 2025
OFFICE MEMORANDUM
Subject :- Â Â Â Â Â CALCULATION OF EMOLUMENTS FOR THE PURPOSE OF PENSION
The undersigned is directed to refer to the subject noted above and to state that, on the recommendations of Pay and Pension Commission-2020, it has been decided that henceforth, Pension shall be calculated on the basis of average of pensionable emoluments drawn during last 24 months of service prior to retirement.
2.     Existing instructions on the subject shall stand amended to the extent of above with immediate effect.
Deputy Secretary(R-III)
Conclusion:
This amendment serves as a vital step toward improving the pension system, ensuring a more equitable and transparent approach for retiring federal employees. By calculating pensions based on the average of emoluments drawn during the last 24 months of service, the policy fosters fiscal accountability while safeguarding employee rights. All concerned departments and stakeholders are requested to implement these revised instructions promptly. For further clarification or assistance, please contact the Finance Division (Regulations Wing) at the provided number.
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