B SIB
January 1, 2025
ISLAMABAD: With the advent of the New Year, the government has changed the methodology of doling out pensions to its employees under which no official will be able to get the double pension, says the notification by the government issued here on Wednesday.
Under the new methodology available with the Exclusivewaves.com.pk, the government will be able to save billions of rupees. So much so, high-ranking officers serving on important posts will get only one pension, says the notifications. In the light of the recommendations of the Pay and Pension Commission 2020, the pension shall be calculated on the basis of an average of pensionable emoluments drawn during the last 24 months of service prior to the retirement.
The office memorandum issued on January 1, 2025, also says that it has been decided that 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. The in-service or pensioner spouse shall be eligible for the pension of his/her spouse in addition to his/her own pay or pension.
Another office memorandum also explains the future increase methodology in pension under which the net pension (gross pension less commuted portion of pension) calculated at the time of retirement will be termed as baseline pension. Any increase in pension shall be granted on baseline pension. Each increase shall be maintained as a spate amount until the time, the federal government decides to review and authorize any additional pensionary benefits. More importantly, the baseline pension will be reviewed by Pay and Pension Committee after every three years. Ends
