Govt fixes family pension at 10 years after death

News Image

MG News | September 11, 2024 at 03:42 PM GMT+05:00

0:00

September 11, 2024 (MLN): The government has fixed the period of ordinary family pension at 10 years after the death of the retired employee, while in the case of a special child, the family pension will continue for the child's lifetime.

The finance ministry has introduced major amendments to the existing pension scheme based on the recommendations of Pay and Pension Commission 2020, as outlined in three separate Regulations notices.

"It has been decided that henceforth, Ordinary Family Pension, after the death or ineligibility of the spouse, shall be admissible to remaining entitled family members for a maximum period of 10 years," reads one of the regulatory notices.

In the case of disabled or special children of a pensioner, the Ordinary Family Pension will be payable for the lifetime of such children, the notice added.

For entitled children, the Ordinary Family Pension will be payable for 10 years or until the age of 21, whichever is later.

Existing instructions on this subject will be amended accordingly, with immediate effect, the notice added.

Moreover, it has been decided that, henceforth, Special Family Pension, after the death or ineligibility of the spouse or first recipient, will be payable to the remaining entitled family members for 25 years after the death or ineligibility of the spouse or first recipient.

In the case of disabled or special children of a pensioner, the Special Family Pension will be payable for the lifetime of such children.

The rate of such pension for eligible recipients is increased to 50% of the last drawn pension of the first recipient for all ranks of Armed Forces/Civil Armed Forces, with no minimum or maximum limits.

This pension is transferable to all eligible heirs as prescribed in Rule 12 of Pension Regulations Vol-I (Armed Forces), 2010.

Existing instructions on this subject will be amended accordingly, with immediate effect, the notice reads.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 172,400.73
346.40M
0.92%
1570.51
ALLSHR 103,483.96
796.97M
0.55%
561.58
KSE30 52,734.06
184.56M
1.08%
564.57
KMI30 245,565.33
110.97M
1.07%
2605.02
KMIALLSHR 67,233.70
319.67M
0.68%
453.28
BKTi 47,898.10
95.85M
0.98%
462.51
OGTi 33,838.49
13.78M
1.39%
464.88
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 87,310.00 90,115.00
86,915.00
-440.00
-0.50%
BRENT CRUDE 61.51 62.67
61.48
-0.73
-1.17%
RICHARDS BAY COAL MONTHLY 87.50 0.00
0.00
1.30
1.51%
ROTTERDAM COAL MONTHLY 94.50 0.00
0.00
-0.70
-0.74%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 57.64 58.88
57.63
-0.71
-1.22%
SUGAR #11 WORLD 15.20 15.28
15.08
-0.09
-0.59%

Chart of the Day


Latest News
December 26, 2025 at 04:17 PM GMT+05:00

UAE unveils nationwide projects


December 26, 2025 at 04:13 PM GMT+05:00

PKR edges up against USD


December 26, 2025 at 02:33 PM GMT+05:00

Gold price in Pakistan rises Rs500 per tola


December 26, 2025 at 02:26 PM GMT+05:00

Weekly SPI decreases by 0.09%



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg