Finance Minister Ishaq Dar, announcing the pension reforms in the National Assembly on Saturday, said that govt has decided to close the multi-pension system.
Finance Minister Ishaq Dar said that a government employees can get pension from only one institution. He said that the family of a deceased pensioner will be able to get pension for only 10 years.
“A government officer will be able to get pension from only one institution. We know about the officers who get pension from three institutions,” he added. “The government has started introducing pension reforms in the budget for fiscal year 2023-24,” the finance minister said while winding-up general discussion on the budget in National Assembly.
Ishaq Dar noted that pensions from multiple sources were being abolished while all officers from Grade 17 and above will get one pension only.
He said that a government officer will be able to receive a salary or pension from one institution.
“On working in another organisation, the facility of either a salary or pension will be allowed,” the minister added.
Meanwhile, the finance minister noted that the government has introduced a number of changes to its fiscal 2024 budget in a last-ditch effort to clinch a stalled rescue package with the international lender.
