ISLAMABAD— A seven-member committee has been constituted to examine the propose increase the age of retirement of government servants to save billions allocated each year for pensions fund.
A notification has been issued by Prime Minister’s Office.
Advisor to Prime Minister on Institutional Reforms will chaired the committee’s meeting and other members are Secretary, Finance Division, Secretary Establishment Division, Secretary Ministry of Defence, Secretary Law & Justice Division, Auditor General of Pakistan and Joint Secretary Finance Division.
Sources said that the government intended to increase the retirement age by nearly three years.
They added it could be aimed at deferring the payment of amounts of pensions and dues to government officials who retire in bulks each year. An annual around 25,000 government employees retire every year in Punjab alone, adding to the already huge pension and dues bill.