ISLAMABAD – The federal government unveiled new reforms to lessen the burden that has been increased on the national exchequer over the past few decades due to pension schemes through executive orders.
The government has adopted these reforms to rectify its past mistakes, which have damaged the government treasury over the years. The newly introduced reforms in the pension scheme include the discouragement of early retirement and the linking of pensions which increase the Consumer Price Index (CPI).
The time duration of family pension has now been limited to 10 years in case of the death of a spouse, while many other pensions have been terminated. In a scenario where a retiree was re-employed, he would have to decide between receiving either the pension or the salary as receiving both at the same time would not be an option.
