Pension

Get the latest Pension Notifications for government retirees exclusively on Vocal Pakistan. From eligibility criteria to pension increments, Vocal Pakistan covers it all, ensuring you stay updated on everything that affects pension benefits for government employees.

Government of Balochistan Announces Updates to Family Pension Regulations–Notification
Family Pension, Balochistan, Departments, Finance Department, News, Notifications, Pension, Pension-Pay & Allowances

Government of Balochistan Announces Updates to Family Pension Regulations–Notification

Notification / OM No. No.FD.SO(Reg-II)/VII-I/Pension/2025/1004-1104 Dated 06-January-2025 Notification Issued By: Finance Department, Government Of Balochistan Government of Balochistan Announces Updates to Family Pension Regulations: The Government of Balochistan’s Finance Department issued a notification on January 6, 2025, to align its pension policy with the Federal Government’s provisions outlined in the Office Memorandum dated September 10, 2024. With the approval of the Hon’ble Chief Minister of Balochistan, the notification introduces modifications to the Ordinary Family Pension regulations, ensuring clarity and consistency in pension entitlements for the families of deceased pensioners. This significant update establishes a framework that extends financial support to eligible family members while recognizing unique circumstances such as disability or special needs. By adopting this policy, the provincial government underscores its commitment to addressing the welfare of its employees and their families, ensuring their security and stability even in the absence of a primary breadwinner. Notification Describes; GOVERNMENT OF BALOCHISTANFINANCE DEPARTMENT(REGULATION-II) Dated Quetta the 06 January, 2025 NOTIFICATION No.FD.SO(Reg-II)/VII-I/Pension/2025/1004-1104.           Pursuant to the Government of Pakistan, Finance Division Islamabad’s Office Memorandum No.9(3)R-6/2024-264 dated 10th September, 2024 and subsequent approval of the competent authority i.e. Hon’ble Chief Minister Balochistan, the Government of Balochistan, Finance Department is pleased to adopt the same policy of the Federal Government as follows: – Henceforth the Ordinary Family Pension, after the death or ineligibility of the spouse, shall be admissible to remaining entitled family members for a maximum period of 10 years, provided; SECRETARY FINANCE To, The Chief Controller,Printing & Stationery DepartmentBalochistan Quetta. Conclusion: In conclusion, the adoption of the Federal Government’s pension policy by the Government of Balochistan highlights the province’s dedication to the financial well-being of its retired employees and their dependents. By specifying entitlements for disabled children, special needs individuals, and other family members, this policy update ensures equitable treatment and long-term support tailored to individual circumstances. The inclusion of provisions like lifelong pension for disabled or special needs children and extended coverage for eligible family members until the age of 21 or a maximum of 10 years underscores the compassionate approach of the administration. This notification not only reflects an alignment with national standards but also reinforces the province’s commitment to fostering a sense of security and stability for government employees and their families, thereby enhancing trust and morale among the workforce. For more information, clarification or any other question feel free to join our WhatsApp Group. We are a supportive community where members are committed to assisting one another.

Sindh Government Orders Biometric Verification for Pensioners–Key Notification
Pension, News, Notifications, Pension-Pay & Allowances, Sindh

Sindh Government Orders Biometric Verification for Pensioners–Key Notification

Notification / OM No. No.SLGB/AO(Pen)/SCUG/2025/73 Dated 06-January-2025 Notification Issued By: Sindh Local Government Board, Local Government Department, Government Of Sindh Biometric Verification and Dormant Pension Account Reporting in Sindh: The Sindh Local Government Department has issued an important directive regarding the biometric verification of pensioners and the status of dormant pension accounts. This initiative, aligned with the Finance Division’s letter dated 5th January 2016, emphasizes the need to ensure transparency, efficiency, and accountability in pension disbursements. National Bank of Pakistan branches are required to conduct biometric verifications during specified periods and maintain detailed records to facilitate accurate tracking of pension payments. Given the sensitivity of pension management and the need to address issues arising from dormant accounts and non-compliance with verification requirements, this directive mandates a comprehensive reporting process. The goal is to safeguard the rights of pensioners and ensure proper use of public funds. Notification Describes; GOVERNMENT OF SINDHLOCAL GOVERNMENT DEPARTMENT(SINDH LOCAL GOVERNMENT BOARD) No.SLGB/AO(Pen)/SCUG/2025/73Karachi dated the 06 JAN 2025 The Regional Chief,National Bank of Pakistan,Regional Head Office. L.I Chandrigar Road,Karachi, Sindh. Subject :-       BIOMETRIC VERIFICATION OF PENSIONERS AND REPORT ON DORMANT PENSION ACCOUNTS Reference:          Finance Division’s letter regarding Pension payment through DCS dated 5th January 2016. In compliance with the referenced letter and subsequent directives regarding biometric verification of pensioners maintaining accounts in your bank branches during March and October of every year. It is requested to please initiate the process of biometric verification of all such pensioners receiving pension amounts for the month of December 2024, as specified in the regulations. Your bank branches must, maintain proper verification records with date and time stamps. It is further requested that the pensioners who are unable to undergo biometric verification due to physical limitations or absence of fingerprints are facilitated through alternative verification methods as per prescribed procedures. It is further requested to submit the following information to the Secretary, Sindh Local Government Board: This information is required for necessary administrative action regarding dormant accounts as per prevailing rules. Your prompt attention to this matter will be highly appreciated. DIRECTOR-II SINDH LOCAL GOVERNMENT BOARD Conclusion: The biometric verification of pensioners and the management of dormant accounts are crucial for maintaining an effective pension disbursement system. All concerned bank branches must take prompt action to comply with the outlined requirements. The Sindh Local Government Board anticipates a detailed submission of information regarding dormant accounts, verification compliance, and outreach efforts for unreachable pensioners. This report must also include the completion status for each branch. Timely compliance with this directive will support the Board in taking appropriate administrative actions to streamline pension distribution and enhance service delivery to pensioners across Sindh. For more information, clarification or any other question feel free to join our WhatsApp Group. We are a supportive community where members are committed to assisting one another.

Punjab Finance Department Amends Civil Services Pension Rules–Notification
Pension, Departments, Family Pension, Finance Department, News, Notifications, Pension-Pay & Allowances, Punjab, Rules & Regulations

Punjab Finance Department Amends Civil Services Pension Rules–Notification

Notification / OM No. NO.FD-SR-III-04-237/2024 Dated 06-January-2025 Notification Issued By: Finance Department, Government Of The Punjab New Pension Rules Implementation for Civil Servants and Family Beneficiaries: The Government of Punjab, through its Finance Department, continues to refine its regulatory framework to ensure the effective administration of pension-related matters for civil servants and other beneficiaries. This notification specifically addresses the amendments made to the Punjab Civil Services Pension Rules, emphasizing changes introduced by the Finance Department’s earlier notification dated 02nd December 2024. These amendments aim to streamline pension disbursement processes while aligning them with contemporary administrative and financial requirements. This document offers clarity on how the amended rules apply to employees of the defunct Punjab Road Transport Corporation (PRTC), as well as the conditions and limitations for family pension beneficiaries, including spouses and other family members. By responding to queries raised by the Administrative Department, the Finance Department has provided a detailed explanation of the revised policies, ensuring proper implementation and compliance with the updated rules. Stakeholders are encouraged to carefully review these amendments to ensure an accurate understanding of their scope and applicability. Notification Describes; NO.FD-SR-III-04-237/2024GOVERNMENT OF THE PUNJABFINANCE DEPARTMENT Dated: the Lahore, 06th January, 2025 To: The Section Officer (TR-II)Government of the PunjabTransport & Masstransit Department Subject :-       AMENDMENTS IN THE PUNJAB CIVIL SERVICES PENSION RULES Kindly refer to your letter bearing No.SO(TR-II)2-85/2023/PRTC, dated 23-12-2024 on the subject noted above. 2.      The case has been examined and the reply of the points raised by the Administrative Department is as under: Sr.# Query of Administrative Department Reply of the Finance Department   i.   The Punjab Road Transport Corporation got defunct in 1997 and its employees were given Golden Hand Shake Scheme. The PRTC (defunct) had adopted the Punjab Civil Services Pension Rules, 1963 for disbursement of pension to its employees. The query crops up whether the Notification dated 02.12.2024 is applicable to the employees of the Punjab Road Transport Corporation or not? Since, defunct Punjab Road Transport Corporation (PRTC) had adopted the Punjab Civil Services Pension Rules for disbursement of pension to its employees, therefore, Finance Department’s Notification No. FD-SR-III-4-244/2023(B) dated 02.12.2024 will be applicable to the employees of PRTC who retire on or after 02.12.2024. However, the earlier retirement cases where the employees were retired before 02.12.2024 and their retirement cases were processed as per previous Punjab Civil Services Pension Rules, after their death/disentitlement on or after 02.12.2024, their family pension cases will be processed as per Finance Department’s Notification No. FD-SR-III-4-244/2023(B) dated 02.12.2024. ii. In the light of above said Notification, the family pension has been restricted to the extent of spouse only and that too for 10 years or till re marriage of the widow whichever is earlier, except for issueless spouse The question arises whether the period of 10 years will be calculate from the date of sanction of the family pension to the already existing family pensioners or from the date of the above referred Notification i.e. 02-12-2024? If the family pension was sanctioned before 02.12.2024, spouse will remain entitled for family pension as per previous Punjab Civil Services Pension Rules. However, in case the entitlement of family pension will become due on or after 02.12.2024, such family pension cases will be processed as per Finance Department’s Notification No. FD-SR-III-4-244/2023(B) dated 02.12.2024 and 10 years will be calculated from the date of his/her entitlement i.e. on or after 02.12.2024 as the case may be. iii. Furthermore, sub-rule 1 to 6 of Rule 4.10 have been substituted rendering family pensioners, except the spouse, as ineligible. Clarity is required whether the family pension, excluding the spouse, will be eligible from the date of issuance of the above-referred Notification or not? Existing family pensioners will continue drawing family pension as per previous Punjab Civil Services Pension Rules. However, after the ineligibility / death of spouse on or after 02.12.2024, pension will not be transferable to any other family member. Further, in case any eligible family member is already drawing family pension under previous Punjab Civil Services Pension Rules, he will continue drawing the same till the date of his / her entitlement. After his/her ineligibility /death on or after 02.12.2024, family pension will be stopped / not transferable. iv. Further that whether the family pensioners, excluding the spouse, who are already drawing pension will continue to draw the pension or their pension will be discontinued from the date of the said Notification i.e. 02-12-2024? As above Section Officer (SR-III) Conclusion: This notification serves as a vital resource for understanding the amendments to the Punjab Civil Services Pension Rules, particularly in light of the Finance Department’s Notification No. FD-SR-III-4-244/2023(B) dated 02nd December 2024. The provided clarifications not only address concerns related to the application of these rules to employees of the defunct PRTC but also specify the eligibility criteria and entitlements for family pension beneficiaries under the revised framework. The outlined amendments signify a transition toward a more streamlined and standardized pension system, ensuring that benefits are disbursed in an equitable manner. The Finance Department has also ensured that the rights of existing family pensioners are protected under the previous rules, while applying the updated regulations to cases that arise after the specified date. Departments and stakeholders are advised to adhere strictly to these updated provisions to maintain compliance and facilitate smooth operations in pension disbursement. This notification underscores the government’s commitment to safeguarding the financial security of its retired employees and their families. For more information, clarification or any other question feel free to join our WhatsApp Group. We are a supportive community where members are committed to assisting one another.

A Complete Update: Finance Division Clarifies Special Family Pension Guidelines and Retirement Penalties-Notification
Pension, Departments, Family Pension, Federal, Finance Department, News, Notifications, Pension-Pay & Allowances

A Complete Update: Finance Division Clarifies Special Family Pension Guidelines and Retirement Penalties-Notification

Notification / OM No. No. F. 9(3)/Reg.6/2024-264 Dated 03-January-2025 Notification Issued By: Regulations Wing, Finance Division, Government of Pakistan Key Reforms in Pension Policies by Finance Division: What You Need to Know: The Finance Division of the Government of Pakistan has always been committed to maintaining clarity and transparency in financial regulations and policies, particularly those concerning pensions and retirement benefits. This notification addresses significant updates and clarifications regarding Special Family Pension and Voluntary Retirement Penalties. In light of Finance Division’s earlier Office Memorandum (O.M.) dated 10th September 2024, various government departments and organizations raised pertinent queries. To ensure consistent understanding and implementation of these policies, the Finance Division has provided detailed responses to these queries, outlined in the attached Annex-I and Annex-II. This notification aims to define key terms, eligibility criteria, and conditions regarding the Special Family Pension for eligible dependents of Armed Forces/Civil Armed Forces personnel. It also elaborates on the recently introduced penalties for voluntary retirement, including the annual flat reduction in pension for early retirees. These clarifications ensure equitable treatment for all stakeholders while maintaining the integrity of the financial management system. By addressing concerns from stakeholders across federal and provincial levels, this document underscores the Finance Division’s commitment to fostering a well-regulated and fair pension system. Notification Describes; Government of PakistanFinance Division(Regulations Wing) No. F. 9(3)/Reg.6/2024-264 Islamabad, the 3rd January, 2025 OFFICE MEMORANDUM Subject :-       SPECIAL FAMILY PENSION VOLUNTARY RETIREMENT PENALTIES The undersigned is directed to refer Finance Division’s O.M. No. F. 9(3)R-6/2024-264 dated: on the above subject(s) and it is inform that different organizations/departments have raised number of queries for necessary clarification. The responses to those queries are provided at attached Annex-‘l’ and Annex- ‘Il’ for your information and necessary implementation, please. Deputy Secretary (R-III) All Ministries/Divisions/CGA/AGPR/MAG Copy also forwarded for information to: Web Administrator, Finance Division, Islamabad (for uploading at Finance Division’s Website i.e. (www.finance.gov.pk). President’s Secretariat (Public), Islamabad. President’s Secretariat (Personal), Islamabad. Prime Minister’s Office (Internal), Islamabad. Prime Minister’s Office (Public), Islamabad. National Assembly Secretariat, Islamabad. Senate Secretariat, Islamabad. Election Commission of Pakistan, Islamabad. Supreme Court of Pakistan, Islamabad. Federal Shariat Court, Islamabad. AGPR, Islamabad/Lahore/Peshawar/Karachi/Quetta. Pakistan Mint, Lahore. Auditor General of Pakistan, Islamabad. Federal Public Service Commission, F-5/1, Agha Khan Road, Islamabad. Capital Development Authority, Islamabad. Cost Accounts Organization, Islamabad. Military Accountant General, Rawalpindi. Central Directorate of National Savings, Islamabad. Chief Accounts Officer, M/O Foreign Affairs, Islamabad. Chief Accounts Officer, Pakistan Railways, Lahore. All Joint Secretaries (Exp)/Deputy Secretaries(Exp), Finance Division, attached to Ministries/Divisions etc. Secretariat Training Institute, Islamabad. Federal Tax Ombudsman’s Secretariat, Islamabad. DG, Post Offices, Islamabad. Office of the Chief Commissioner, Islamabad. Secretary, Wafaqi Mohtasib (Ombudsman)’s Secretariat, Islamabad. Pakistan Atomic Energy Commission, Islamabad. All Chief Secretaries/Finance Secretaries of the Government of Punjab/Sindh/ Khyber Pakhtun Khwa/Baluchistan/Azad Government of Jammu & Kashmir & Gilgit Baltistan. Directorate General of Inspection & Training, Customs & Central Excise, 8th Floor, New Custom House, Karachi. Earthquake Re-construction and Rehabilitation Authority (ERRA), Islamabad. National Accountability Bureau, Islamabad. Intelligence Bureau, Islamabad. Member (Finance), KRL, P.O Box #1384, Islamabad. Controller General of Accounts, Sector G-5/2, Islamabad. Governor, State Bank of Pakistan, Karachi. President, National Bank of Pakistan, Karachi PP&A Dte, GHQ and Joint Staff, Headquarter, Rawalpindi. Annex-I Subject:               Special Family Pension Sr. No. QUESTIONs Clarification of Finance Division a) i.   The terms Special Family Pension need to be defined. ii.   What is the eligibility criterion for Special Family Pension. The Special Family Pension as used in Finance Division O.M.dated 10.09.2024 is admissible to Shuhada of Armed Forces/Civil Armed Forces only. b) i.    In case of the widowed/divorced daughters become entitled to draw such pension for full 25 years or un-expired portion of 25 years.   ii.   Whether the said O.M. is also applicable on unmarried/widowed/divorced daughters, who are fully dependent on pensioners/ parents. The Special Family Pension after the death or ineligibility of the spouse/first recipient shall remained admissible for accumulated period of 25 years only, to the family members as per eligibility criteria, share of Special family pension, priority and manner set in Pension Regulations Vol-I (Armed Forces), 2010 c) i.    Whether this OM is also applicable on existing special family pensioners/recipients who are second recipients and have already completed 25 years or more. Whether their pension may be discontinued w.e.f. 10.09.2024 or 25 years are counted from the date of this OM.   ii.   Whether the pension of unmarried/ widow / divorced daughters who have already drawn their pension for more than 25 years as on 10-09-2024 i.e. issuance of ibid OM, would be stopped or otherwise.   iii.   Whether the defined period i.e. 25 years for second recipient be considered retrospectively? If yes, how much period will be considered retrospective effect? i.   The condition of 25 years is not applicable to existing Special Family Pensioners who shall be treated as per the terms and conditions under which they were originally granted Special Family Pension. However, the rate revised under para 1(iii) of Finance Division’s O.M. dated 10.09.2024 will be admissible to existing Special Family Pensioners 10.09.2024. ii.   As above           iii.  As above d) i.   After disqualification of one member, whether next member is also entitled for 25 years or unexpired portion of 25 years or otherwise?   ii.   Age limit will be observed as per Rule 108 (b,c,d,e and f) of pension regulations Vol-I, 2010 or not?   iii.   After disqualification of 2nd life dependent pension/special family pension, whether the restriction of special family pension to 3rd life imposed vide Finance Division’s u.o. No. F.2 (4)-Reg.6/2010-331 dated 22-04-2014 has been terminated or otherwise. i.   The next eligible member is also entitled for un-expired portion of 25 years.       ii.  Yes       iii.  No change   e) i.   The rate of Special Family Pension after the death of 1st recipient is enhanced to 50% of last pension drawn of 1st recipient. Whether such increase in pension will be calculated on basic pension i.e. Net Family pension without increases or the monthly pension being drawn at the time

Calculation of Emoluments for the Purpose of Pension-Notification
Pension, Departments, Federal, Finance Department, News, Notifications, Pension-Pay & Allowances

Calculation of Emoluments for the Purpose of Pension-Notification

Notification / OM No. F.No. 9(3)R-6/2024-401 Dated 01-January-2025 Notification Issued By: 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 PakistanFinance Division(Regulations Wing) F.No. 9(3)R-6/2024-401 Islamabad, the 1st January, 2025 OFFICE MEMORANDUM Subject :-       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. For more information, clarification or any other question feel free to join our WhatsApp Group. We are a supportive community where members are committed to assisting one another.

Pay And Pension Commission Recommendations Lead To Future Increase Methodology In Pension–Notification
Pension, Departments, Federal, Finance Department, News, Notifications, Pension-Pay & Allowances

Pay And Pension Commission Recommendations Lead To Future Increase Methodology In Pension–Notification

Notification / OM No. F.No. 9(3)R-6/2024-403 Dated 01-January-2025 Notification Issued By: Regulations Wing, Finance Division, Government of Pakistan Finance Division Introduces New Methodology for Future Pension Increases: The Government of Pakistan, through the Finance Division (Regulations Wing), is steadfast in its commitment to enhancing pension policies for federal employees and retirees. In light of the recommendations made by the Pay and Pension Commission-2020, a revised methodology for future pension increases has been approved. This new approach seeks to establish a more transparent, structured, and equitable system for determining pension adjustments. The details of the updated methodology, designed to ensure fairness and consistency in pensionary benefits, are outlined in this notification. Notification Describes; Government of PakistanFinance Division(Regulations Wing) F.No. 9(3)R-6/2024-403 Islamabad, the 1st January, 2025 OFFICE MEMORANDUM Subject :-       FUTURE INCREASE METHODOLOGY IN 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 future increase methodology in pension shall be as under. a.         The net pension [Gross Pension less Commuted portion of Pension] calculated at the time of retirement will be termed as baseline pension. b.         Any increase in pension shall be granted on baseline pension. c.         Each increase shall be maintained as a separate amount until the time, the Federal Government decides to review and authorize any additional pensionary benefits. d.         Baseline pension will be reviewed by Pay and Pension Committee after every 3 years. Provided that the current pension of existing pensioners on the date of issuance of this O.M. shall be considered as baseline pension. Provided further that baseline pension is deemed to include restored commuted portion of pension as and when restored. 2.         Existing instructions on the subject shall stand amended to the extent of above with immediate effect. Deputy Secretary(R-III) Conclusion: This revised methodology represents a significant stride toward fostering clarity and fairness in pension management. By introducing the concept of a baseline pension and periodic reviews, the policy aims to create a sustainable and accountable framework for future pension increases. All relevant departments and stakeholders are encouraged to implement these amendments promptly and in accordance with the outlined guidelines. For further information or assistance, please contact the Finance Division (Regulations Wing) at the provided phone number. For more information, clarification or any other question feel free to join our WhatsApp Group. We are a supportive community where members are committed to assisting one another.

Revised Policy on Multiple Pensions Announced: Finance Division Notification
Pension, Departments, Federal, Finance Department, News, Notifications, Pension-Pay & Allowances

Revised Policy on Multiple Pensions Announced: Finance Division Notification

Notification / OM No. F.No. 9(3)R-6/2024-402 Dated 01-January-2025 Notification Issued By: Regulations Wing, Finance Division, Government of Pakistan Government of Pakistan Introduces New Pension Regulations for Transparency: The Finance Division of the Government of Pakistan remains committed to ensuring transparency and efficiency in financial regulations. In line with the recommendations of the Pay and Pension Commission-2020, a significant revision has been made to streamline the process regarding multiple pensions. The new policy aims to provide clarity and ensure equitable treatment for individuals entitled to multiple pensions, while also aligning with broader fiscal responsibility goals. This notification outlines the key amendments for better understanding and implementation across relevant stakeholders. Notification Describes; Government of PakistanFinance Division(Regulations Wing) F.No. 9(3)R-6/2024 Islamabad, the 1st January, 2025 OFFICE MEMORANDUM Subject :-       MULTIPLE PENSIONS       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, in an event where a person becomes entitled to more than one pensions, such person shall only be authorized to opt to draw one of the pensions, provided that; 2.       Existing instructions on the subject shall stand amended to the extent of above with immediate effect. Deputy Secretary(R-III) Conclusion: This notification marks a crucial step in refining pension policies to foster a more sustainable and transparent system. The revised rules are designed to address ambiguities and support equitable access to pension entitlements, reflecting the Government of Pakistan’s dedication to effective governance. All stakeholders are encouraged to carefully review and comply with the updated instructions to ensure smooth implementation. For further details or queries, please refer to the Finance Division (Regulations Wing). For more information, clarification or any other question feel free to join our WhatsApp Group. We are a supportive community where members are committed to assisting one another.

New Sindh Civil Servants Act 2024 Introduces Defined Contribution Pension Scheme-Notification
Rules & Regulations, News, Notifications, Pension, Pension-Pay & Allowances, Sindh

New Sindh Civil Servants Act 2024 Introduces Defined Contribution Pension Scheme-Notification

NO.S.LEGIS:2(63)/2011 /P-II/272 GOVERNMENT OF SINDH LAW, PARLIAMENTARY AFFAIRS &CRIMINAL PROSECUTION DEPARTMENT Karachi, dated the 19th September, 2024. To The Secretary, Provincial Assembly of Sindh. Karachi. SUBJECT:- THE SINDH CIVIL SERVANTS (AMENDMENT) BILL, 2024. I am directed to refer to the subject noted above and to forward herewith a copy of the Sindh Civil Servants (Amendment) Bill, 2024, duly approved by the Cabinet, for arranging its introduction in the Assembly. The Statement of Objects and Reasons, Notice of Introduction and Motion, duly signed by the Member-in-charge will be furnished in due course of time. SECTION OFFICER (LEGISLATION)FOR SECRETARY TO GOVT. OF SINDH A BILL to amend the Sindh Civil Servants Act, 1973. WHEREAS it is expedient to amend the Sindh Civil Servants Act, 1973 in the manner hereinafter appearing; It is hereby enacted as follows:- (2) It shall come into force at once. 2.         In the Sindh Civil Servants Act, 1973, hereinafter referred to as the said Act, for section 13, the following shall be substituted:-    “13. Retirement from service. (I) A civil servant shall retire from service — Provided that no civil servant shall be retired unless he has been informed in writing of the grounds of the action proposed to be taken against him and has been given reasonable opportunity of showing cause against that action; or (2) A Civil servant appointed on regular basis in the prescribed manner, on or after the commencement of the Sindh Civil Servants (Amendment) Act, 2024, shall upon retirement from service be entitled to benefits; as prescribed in the Defined Contribution Pension Rules to be framed by the Government.”. 3.         In the said Act, for section 20, the following shall be substituted:- “20. Pension and gratuity.- (1) On retirement from service, a civil servant, appointed on regular basis in the prescribed manner, before the commencement of the Sindh Civil Servants (Amendment) Act, 2024, shall be entitled to receive such pension or gratuity as are admissible to him under the pension rules for the time being in force. (2) In the event of the death of a civil servant, appointed on regular basis in the prescribed manner, before the commencement of the Sindh Civil Servants (Amendment) Act, 2024, whether before or after retirement, his family shall be entitled to receive such pension, or gratuity, or both, as may be prescribed. (3) No pension shall be admissible to a civil servant, appointed on regular basis in the prescribed manner, before the commencement of the Sindh Civil Servants (Amendment) Act, 2024, who is dismissed or removed from service for reasons of discipline; provided that Government may sanction compassionate allowance to such a civil servant not exceeding two-thirds of the pension or gratuity which would have been admissible to him, had he been invalidated from service on the date of such dismissal or removal. (4) If the determination of the amount of pension or gratuity admissible to a civil servant appointed on regular basis in the prescribed manner, before the commencement of the Sindh Civil Servants (Amendment) Act, 2024, is delayed beyond one month of the date of his retirement or death, he or his family, as the case may be, shall he paid provisionally such anticipatory pension or gratuity as may be determined by the prescribed authority, according to the length of service of the civil servant which qualifies for pension or gratuity; and any over payment consequent on such provisional payment shall be adjusted against the amount of pension or gratuity finally determined as payable to such civil servant or his family. (5) A person appointed or regularized, regardless of the effective date of regularization in case of the later, as civil servant on or after the commencement of the Sindh Civil Servant (Amendment) Act, 2024, shall, for all intents and purposes. be civil servant, except for the purpose of pension and gratuity; and he shall participate in a Defined Contribution Pension Scheme as may be prescribed. Such a civil servant shall, in lieu of pension and gratuity, be entitled to receive such amount contributed by him towards the Contribution Pension Fund, along with the contributions, made by Government to his account in the said Fund, in the prescribed manner. Provided that in the event of death of such civil servant whether before or after his retirement, his family shall be entitled to receive the amount of Contribution Pension Fund, as prescribed in the Defined Contribution Pension Rules to be framed by the Government.”. STATEMENT OF OBJECTS AND REASONS. Due to mammoth increase in pension bill alarmingly, over a period of last decade, a large portion of provincial budget is being spent upon the pension liabilities. According to a study on actuarial valuation of Employee Benefit Scheme, it was revealed that, from financial year 2015-16 to 2018-19 the Current Revenue Expenditure (CRE) grew at the average annual rate of 18.2%. the Employees Related Expenses (ERE) grew at average annual rate of 15.3% but the Pension Bill grew twice, in comparison to other variables at an average annual rate of 30.8%. Due to such extraordinary burden at present and keeping in view the future estimations, the Government of Sindh is considering to introduce a Defined Contribution Pension Scheme for the new entrants (civil servants) joining the service on or after 01st July, 2024. Such scheme shall contain mutual monthly contributions by the civil servants themselves and the Government, for post-retirement financial security of the civil servants, and shall serve as a viable alternate of the current defined benefit pension scheme. Hence, in order to minimize the extraordinary burden upon the public exchequer in future and to provide for the matters ancillary thereto, it is expedient amend the Sindh Civil Servants Act, 1975. The Bill seeks to achieve the above object. MEMBER-IN-CHARGE

Government Announced New Pension Policy Annual Increase Set at 80% of Average Inflation Over Two Years-Notification
Pension, Departments, Federal, Finance Department, News, Notifications, Pension-Pay & Allowances

Government Announced New Pension Policy: Annual Increase Set at 80% of Average Inflation Over Two Years-Notification

Government of PakistanFinance Division(Regulations Wing) Subject:-       ANNUAL INCREASE IN PENSION                     Reference subject noted above. 2.          On the recommendations of Pay and Pension Commission-2020, it has been decided that henceforth annual increase in pension shall be granted at 80% of average inflation rate for the last two years. For this purpose, the Year-on-Year Consumer Price Index (CPI) as announced by State Bank of Pakistan shall be used as reference. 3.         Existing instructions on the subject shall stand amended to the extent of above with immediate effect. Deputy Secretary(R-III) Finance Division’s U.No. 9(3)R-6/2024-264                                                                     dated 10.09. 2024

WAPDA Issues Urgent Reminder on Timely Submission of Pension Papers to Avoid Delays-Notification
Pension, Departments, News, Notifications, Pension-Pay & Allowances, Power & Energy Department

WAPDA Issues Urgent Reminder on Timely Submission of Pension Papers to Avoid Delays-Notification

PAKISTAN WATER AND POWER DEVELOPMENT AUTHORITY OFFICE OF THE MANAGER (A&F) PENSION WAPDA SUNNY VIEW ESTATE, KASHMIR ROAD, LAHORE. No. Pension/SOP-23/PR1977/1548                                                                                 Dated: 12/09/2024 All GMs/PDs, DGMS, CEOs, NJHPC/DBDC Subject:              LATE SUBMISSION OF PESNION PAPERS Prime objective of WAPDA Pension Directorate is to process the pension cases and disbursement thereof well in time as contained in the Pension Rules as delay involves pecuniary hardships to retirees and their families. It is witnessed that formations while forwarding/ submission of pension papers/ cases don’t follow the procedure stipulated in the WAPDA Pension Rules 1977, SOP-2023 (already circulated to all formations and available on WAPDA Pension Web site) and instructions issues on the subject from time to time. It is further observed that delay after forwarding the pension cases is mainly attributed to the deficiencies with regard to important mandatory documents despite availability of complete checklist alongwith SOP on Wapda Pension Website in addition to circulation to all formations by this directorate. Pertinent part of Pension Rules i-e Chapter V Para-1 & 2 of the WAPDA Pension Rules 1977 are hereby reproduces as under, It is further stipulated in Pension Rules 1977, the Pension Payment Orders should be issued as rule In view of the above cited rules, necessary instructions may please be forwarded to lower formations under your administrative control to observe the timeline besides annexing all the documents as per checklist prior to forwarding the cases so enabling this office to finalize and issue the PPO as stipulated under rules to avoid monetary adversities,to retirees. Manager (A&F) Pension

Where knowledge meets entertainment! Our website is cover with an aim of تدبیر(Plan), تحقیق(Research) and تخلیق(Creation). Welcome to a vocal country!

Stay In Touch!

Subscribe To Our Newsletter


By Clicking you are Agreeing to our Terms and Services