Govt Introduces Pension Reforms | Breaking News | Hum News

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Govt Introduces Pension Reforms | Breaking News | Hum News
After announcing a 15% hike in post-retirement funds for employees in budget FY25, the federal government has unveiled its reforms to the pension scheme with the aim to initiate a gradual reduction in superannuation liabilities.

The fresh amendments were introduced by the federal government to cope with an increasing burden on the national exchequer on account of pensions to entitled employees and their families.

The documents, obtained by Geo News, of the reviewed pension scheme showed recent modifications approved and notified by the federal government, covering different categories of post-retirement allowances, and existing and future pension hike plans.

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