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Proposal to Lower Retirement Age to 55 for Civil Employees Presented to PM Shehbaz

December 11, 2024
in Pakistan
Proposal to Lower Retirement Age to 55 for Civil Employees Presented to PM Shehbaz

A proposal to lower the retirement age for civilian employees to 55 years has been submitted to the Prime Minister. Although the idea is still under discussion, it has faced pushback from government officials, as many senior employees could be affected. No final decision has been made on the matter yet.

At the same time, the Ministry of Finance is working to address the International Monetary Fund’s (IMF) demand to expand the Contributory Pension Scheme. This would require serving government employees to join the same pension system as new recruits. The Ministry is making efforts to implement this change to meet IMF requirements.

Additionally, the Ministry is reviewing suggestions to restore the Federal Secretariat Allowance, which has been frozen for over ten years. Reinstating this allowance is being considered as part of broader reforms to improve government employee benefits and ensure fair compensation.

These potential changes indicate a focus on balancing economic reforms with employee welfare. While the retirement age proposal has sparked concern among officials, the Ministry’s efforts to meet IMF conditions and review longstanding issues like frozen allowances show a push for financial adjustments and policy updates.

The coming weeks will determine how these proposals shape government policies and their impact on civilian employees. For now, discussions are ongoing, and decisions are expected after thorough evaluation.

Tags: ageCivilEmployeesPresentedproposalRetirementShehbaz
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