Government of Pakistan, Finance Division issued a Notification on 10-09-2024 in connection with Voluntary Retirement Penalties 2024. Employees who will retire before 60 years of age will have to face a penalty of 3% per year but a maximum of 20%. The details are as follows
Pension Updates
You can get help regarding Pension Updates, Pension Calculator, Increase in Pension, Family Pension, Restoration of Commuted Portion of Pension for the Federal Government Pensioners as well as for the Provincial Govt pensioners.
Notification Contributory Pension Fund Scheme (CPFS) 2024 Federal for New Entrants
Government of Pakistan, Finance Department issued a Notification on 20-08-2024 in connection with Contributory Pension Fund Scheme 2024 Federal for New Entrants Govt Employees. The New Pension Scheme 2024 is a newcomer to the Federal Government. This Notification is not for Federal Government employees who are already working before 01-07-2024. This new CPFS 2024 is also for the Army personnel but it will take effect from 1st July 2025 for them. Government employees will share 10% of their basic pay while the Government will share 20% of the Basic Pay of the employees to the contributory fund. The details are as follows:
Notification Amendments Pension Rules Punjab wef 27 Aug 2024
Government of the Punjab, Finance Department issued a Notification on 27-08-2024 in connection with amendments Pension Rules Punjab. These new Civil Servants rules of pension are applicable with immediate effect i.e. 27 Aug 2024.
Notification Inclusion of Annual Increments for Pension Earned by Family Against OSD Post
Government of the Punjab Finance Department issued a Notification on 12-06-2024 in connection with the Inclusion of Annual Increments for Pension Earned by Family Against OSD Post after the death of a civil servant. The details are as follows:
Pension Calculator 2024-25 Punjab, Sindh, KP, Balochistan, Federal, AJK and GB
I am sharing here the latest and updated Pension Calculator 2024-25 Punjab, Sindh, KP, Balochistan, Federal, AJK, and GB. The calculator is effective from 1st July 2024. The details are as follows:
Notification Pension Increase 2024 AJK Pensioners
Finance Department Azad Jammu & Kashmir issued a Notification on 24-07-2024 in connection with Pension Increase 2024 AJK Pensioners. The pensioners of Azad Jammu & Kashmir will get an increase of 15% in their net pension. They will get a raise in pension with effect from 1st July 2024.
Notification Increase in Pension 2024 Balochistan Pensioners @ 15% of Net Pension
The Finance Department Balochistan issued a Notification on 24-07-2024 in connection with the Increase in Pension 2024 Balochistan Pensioners @ 15% of Net Pension. The details are as follows: