News Pakistan

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 The federal government has begun considering other proposals, including a 15 to 20 percent increase in the interim relief in the salaries and pensions of government employees and the freezing of the basic salary for pensions for a period of 25 years. Sources in the Ministry of Finance said that the services of an internationally reputed private company have been hired to bridge the wide pay gap between the employees of various ministries, divisions and departments and to rationalize pay and pension reforms. Who will start his work from MondayWill The company will review the entire pay and pension structure and submit a comprehensive study to the government in accordance with international best standards. The private company will need at least six months for a full study on pay and pension reform, recommendations of subgroups set up by the Pay and Pension Commission and short-term, medium term reforms in the pay and pension system in collaboration with a private firm. Will suggest a long-term and long-term plan. The federal budget for the next fiscal year 2021-22 is expected early next month.A proposal for a temporary relief of 15 to 20 per cent in the salaries of government employees is under consideration in the next budget till now. Sources said that it is proposed to monetize the travel allowance received by Grade 17 to 19 employees as well as Grade 20 to 22 officers. Due to the protest of government employees, a circular issued on March 3, 2021 to reduce the difference in the salaries of government employees was given a 25% disparity reduction allowance. Sources said that the increase in the salaries of government employees was due to government employeesThe pay difference will be based on the formula of reduction and the salaries of the employees of the institutions and departments whose salaries and benefits are much higher than before will be increased less. Sources said that the government's entire focus is on minimizing the pension bill, for which a proposal to introduce a contributory pension system for newly recruited employees in the public sector as well as in the private sector is also under consideration. ۔ According to sources, the World Bank is also conducting a study on the contributory pension systemSources said that under this proposal, a separate pension contributory fund for this system is also under consideration, for which the World Bank can also provide Seed Money. In addition, there is a possibility of various proposals in the laws regarding salaries and pensions of government employees, under which it is proposed to amend the laws and freeze the basic salary of government employees for pensions for a period of 25 years. Another proposal has been put forward by the government under which 25 government employeesAfter one year of service, the basic salary will not increase even if his service lasts for 40 years, ie he will get the amount of retirement and pension only on the basis of 25 years of service. Sources said that the purpose of the proposed formula is for people to retire after 25 years of service and the second is that the basic salary should not be higher. Due to this formula, people's pension and commutation will also be reduced. The burden on the exchequer will be less in the times to come.

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