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    <title>Aaj TV English News - Business &amp; Economy</title>
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    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Mon, 06 Apr 2026 10:03:20 +0500</pubDate>
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    <ttl>60</ttl>
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      <title>Govt modifies pension scheme to reduce burden</title>
      <link>https://english.aaj.tv/news/330367326/govt-modifies-pension-scheme-to-reduce-burden</link>
      <description>&lt;p&gt;&lt;strong&gt;The Pakistani government has announced significant changes to the retirement and pension scheme as part of the Budget 2024, aimed at reducing the financial burden on the federal government.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;The new regulations state that government employees who retire and subsequently rejoin government service will only receive a pension from one department. Previously, they were eligible for pensions from both their previous and current departments.&lt;/p&gt;
&lt;p&gt;Furthermore, the pension will now be paid to the family of a pensioner for 10 years after their death, whereas previously, it was only paid for a shorter period.&lt;/p&gt;
&lt;p&gt;The government has also clarified that government employees, where both husband and wife are employed, will be eligible for both pensions if one of them passes away after retirement.&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;&lt;a href="https://english.aaj.tv/news/330366240/pm-shehbaz-convinces-ppp-to-not-interfere-with-imf-conditions"&gt;PM Shehbaz convinces PPP to ‘not interfere’ with IMF conditions&lt;/a&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;&lt;a href="https://english.aaj.tv/news/330360785/pakistan-mulls-raising-retirement-age-to-control-pension-expenses"&gt;Pakistan mulls raising retirement age to control pension expenses&lt;/a&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;&lt;a href="https://english.aaj.tv/news/330366978/pm-shehbaz-admits-government-made-budget-with-imf"&gt;PM Shehbaz admits government made budget with IMF&lt;/a&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;Sources indicate that these changes are a direct response to the growing burden of pension payments on the federal government, which has been contributing to the country’s budget deficit.&lt;/p&gt;
&lt;p&gt;    &lt;figure class='media  sm:w-1/3  w-full  media--right  media--embed  media--uneven'&gt;
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&lt;p&gt;The decision to modify the pension scheme is said to be a key objective agreed upon in consultations with the International Monetary Fund (IMF) as part of efforts to reduce the financial burden.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>The Pakistani government has announced significant changes to the retirement and pension scheme as part of the Budget 2024, aimed at reducing the financial burden on the federal government.</strong></p>
<p>The new regulations state that government employees who retire and subsequently rejoin government service will only receive a pension from one department. Previously, they were eligible for pensions from both their previous and current departments.</p>
<p>Furthermore, the pension will now be paid to the family of a pensioner for 10 years after their death, whereas previously, it was only paid for a shorter period.</p>
<p>The government has also clarified that government employees, where both husband and wife are employed, will be eligible for both pensions if one of them passes away after retirement.</p>
<p><strong><a href="https://english.aaj.tv/news/330366240/pm-shehbaz-convinces-ppp-to-not-interfere-with-imf-conditions">PM Shehbaz convinces PPP to ‘not interfere’ with IMF conditions</a></strong></p>
<p><strong><a href="https://english.aaj.tv/news/330360785/pakistan-mulls-raising-retirement-age-to-control-pension-expenses">Pakistan mulls raising retirement age to control pension expenses</a></strong></p>
<p><strong><a href="https://english.aaj.tv/news/330366978/pm-shehbaz-admits-government-made-budget-with-imf">PM Shehbaz admits government made budget with IMF</a></strong></p>
<p>Sources indicate that these changes are a direct response to the growing burden of pension payments on the federal government, which has been contributing to the country’s budget deficit.</p>
<p>    <figure class='media  sm:w-1/3  w-full  media--right  media--embed  media--uneven'>
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<p>The decision to modify the pension scheme is said to be a key objective agreed upon in consultations with the International Monetary Fund (IMF) as part of efforts to reduce the financial burden.</p>
]]></content:encoded>
      <category>Business &amp; Economy</category>
      <guid>https://english.aaj.tv/news/330367326</guid>
      <pubDate>Thu, 27 Jun 2024 21:02:25 +0500</pubDate>
      <author>none@none.com (Yasir Nazar)</author>
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