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Pensions in Pakistan are provisions which are provided to retired employees. [1] Because only the retired formal sector mostly benefits from pensions, most of the social schemes and retirement welfare system in the country cover a small proportion of the old-age population, whereas a significant proportion of the elderly population working in the informal sector remains largely unprotected by ...
Old age grant - Old age grants are given to those who have attained the superannuation age but do not meet the minimum threshold for pension Minimum pension of ₨ 8500/- (revised 2019) is provided by scheme while maximum pension is limited by the average wages during employment and years of contribution to insurance scheme.
The majority of government departments and organizations adhere to the BPS System. Examples of other pay systems in Pakistan include the Special Pay Scale (SPS) and army scales, while private organizations, companies, and industries are free to devise their own pay structures, subject to the government setting a minimum salary for private ...
A government review into the state pension age in 2023 projected that this ratio would rise from 280 pensioners per 1,000 people of working age to around 393 pensioners. This would be the ...
Voluntary occupational pension insurance: Private pension schemes Hong Kong: Basic pension: Provident fund system: N/A: N/A Hungary: Social assistance: Private pension fund: Voluntary pension fund: N/A India: Social assistance: Mandatory Provident Fund: Voluntary pension insurance: Individual private pension plans Ireland: Basic pension
On August 1, 2013, the government of Khyber-Pakhtunkhwa directed all the government employees in the province to declare their assets by August 30, 2013. K-P minister for health and provincial government spokesperson Shaukat Ali Yousafzai stated that all the secretaries of the government departments were directed to issue notices to their ...