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Pension Letter-2

The Government of Pakistan has issued three office memorandums regarding pension calculations based on recommendations from the Pay and Pension Commission-2020. Pension will now be calculated using the average of the last 24 months of service emoluments, and individuals entitled to multiple pensions can only draw one, with specific conditions for in-service employees. Additionally, a new methodology for pension increases has been established, defining baseline pensions and outlining the review process every three years.

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113 views3 pages

Pension Letter-2

The Government of Pakistan has issued three office memorandums regarding pension calculations based on recommendations from the Pay and Pension Commission-2020. Pension will now be calculated using the average of the last 24 months of service emoluments, and individuals entitled to multiple pensions can only draw one, with specific conditions for in-service employees. Additionally, a new methodology for pension increases has been established, defining baseline pensions and outlining the review process every three years.

Uploaded by

saadjapan0304
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Government of Pakistan

Finance Division
(Regulation Wing)
**********

F.No. 9(3)R-6/2024-401 Islamabad, the 1st January, 2025

OFFICE MEMORANDUM

Subject:- CALUCATION OF EMOLUMENTS FOR THE PURPOSE OF PENSION

The undersigned is directed to refer to the subject on the above and to state that

on recommendations of Pay and Pension Commission-2020, it has been decided that

henceforth, Pension shall be calculated on the basis of average of pensionable

emoluments drawn during last 24 months of service prior to retirement.

2. Existing instructions on the subject shall stand amended to the extent of above

with immediate effect.

Sd/ xxxxxxxxxxx
(Nayab Sayyed)
Deputy Secretary (R-III)
Ph No 051-9245839

All Ministries/Divisions/CGA/AGPR/MAG
Government of Pakistan
Finance Division
(Regulation Wing)
**********

F.No. 9(3)R-6/2024-402 Islamabad, the 1st January, 2025

OFFICE MEMORANDUM

Subject:- MULTIPLE PENSIONS

The undersigned is directed to refer to the subject to the above and to state that
on recommendations of Pay and Pension Commission-2020, it has been decided that
henceforth, in an even where a person becomes entitled to more than one pensions,
such person shall only be authorized to opt to draw one of the pensions, provided that:

(i) Where an in-service Federal Government employee becomes entitled to a


pension, such Federal Government shall not be eligible to receive such
pension.

(ii) The in-service/pension spouse shall be eligible for pension of his/her


spouse in addition to his/her own pay/pension.

2. Existing instructions on the subject shall stand amended to the extent of above
with immediate effect.

Sd/ xxxxxxxxxx
(Nayab Sayyed)
Deputy Secretary (R-III)
Ph No 051-9245839

All Ministries/Divisions/CGA/AGPR/MAG
Finance Division
(Regulation Wing)
**********

F.No. 9(3)R-6/2024-403 Islamabad, the 1st January, 2025

OFFICE MEMORANDUM

Subject: - FURTHER INCREASE METHODOLOGY IN PENSION

The undersigned is directed to refer to the subject to the above and to state that
on the recommendations of Pay and Pension Commission-2020, it has been decided
that henceforth further increase methodology in pension shall be as under:

(a) The net pension [Gross Pension less Commuted portion of Pension]
calculated at the time of retirement will be termed as baseline pension.

(b) Any increase in pension shall be granted on baseline pension.

(c) Each increase shall be maintained as a separate amount until the


time, the Federal Government decides to review and authorize any
additional pensionary benefits.

(d) Baseline pension will be reviewed by the Pay and Pension


Committee after every 3 years.

Provided that the current pension of existing pensioners on the date of


issuance of this O.M. shall be considered as baseline pension.

Provided further that baseline pension is deemed to include restored


commuted portion of pension as and when restored.

2. Existing instructions on the subject shall stand amended to the extent of above
with immediate effect.

Sd/ xxxxxxxxxxx
(Nayab Sayyed))
Deputy Secretary (R-III)
Ph No 051-9245839

All Ministries/Divisions/CGA/AGPR/MAG

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