KARACHI: The Sindh cabinet, while considering future financial implications of the pension payments to the provincial government employees, has approved a Pension Reforms Scheme that aims to save.
Sindh cabinet approves pension reforms to save Rs894b
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June 5, 2021
KARACHI: The Sindh cabinet, while considering future financial implications of the pension payments to the provincial government employees, has approved a Pension Reforms Scheme that aims to save around Rs894.4 billion, and to avoid a pension bill that would otherwise surpass the salary bill within the next 10 years.
The approval came at a cabinet meeting held under the chairmanship of Chief Minister Syed Murad Ali Shah at the CM House on Friday.
Shah, who is also in-charge minister for the provincial finance department, told the cabinet that in 2012 the number of government employees was 477,570, and their monthly salary and pension bill was Rs11.78 billion and Rs 6.523 billion respectively.
The Sindh cabinet, while considering future financial implications of the pension payments to the provincial government employees, has approved a Pension Reforms Scheme that aims to save around.