Government Notifies Pension Reforms to Cut Costs: Pension Reforms Pakistan
Introduction In a significant move to manage escalating pension expenses, the government has announced sweeping reforms to the country’s pension system. Effective immediately, these changes aim to streamline benefits and ensure fiscal sustainability, following recommendations from the Pay and Pension Commission (PPC) 2020. Major Pension Reforms 1. New Calculation Method for Pensions The pension calculation…
