Pakistan, March 6 -- The government has introduced major reforms to its pension system, including a new calculation method that will impact future pension payments. Instead of calculating pensions based on the final salary, pensions will now be based on the average salary of the last two years of service.
Additionally, the new rules include the discontinuation of multiple pensions for individuals. Employees opting for voluntary retirement will not be affected by these changes, and incremental salary increases in the final year of service will be excluded from pension calculations.
The government also announced updates to pension increments for existing pensioners, including a revised method for calculating family pensions. The new calcu...
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