pension

The Anti-corruption Establishment (ACE) team has raided the District Accounts Office (DAO) in Hyderabad in connection with the alleged irregularities in pension payments worth millions by using fake identities.

The government employee by the name of Muhammad Riaz was removed from service prior to the approval of pension and retiree benefits, the court has reinstated the removal.

Nearly 1.3 million pensioners have started receiving their monthly amounts at their doorstep as Murad Saeed oversees the entire process.

Sindh government on Tuesday announced to facilitate the retired employees from the provincial services, giving 65 percent of monthly pension to them over incomplete documents.

A two-member bench headed by Justice Umar Ata Bandial conducted hearing of a review petition filed by a former GPO employee, Naeem Akhtar, against his termination from the employment.

Economy Minister Paulo Guedes has estimated that plan to overhaul Brazil’s social security system could save as much as 3 trillion reais over 20 years.

A three-member bench of the apex court heard the case.

LONDON: Irresponsible company bosses who "line their own pockets" will face huge fines in the future, British Prime Minister Theresa May vowed on Sunday. May said she would outline plans in the coming weeks to crack down on "abuse" of the system by business chiefs, following the collapse of outsourcing firm Carillion last week. The proposals include giving the pensions regulator powers to issue punitive fines on company directors in cases of clear wrongdoing, according to The Observer. Writing in the Sunday…

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Thursday ordered a high-level inquiry over the huge expenditures incurred in the account payments of pensions. The chief minister issued the directives while presiding over a meeting on three-year budget strategy 2016-17 to 2020-21.The meeting was attended by Principal Secretary Sohail Rajput and all the concerned officers of finance, planning and development department and Sindh Revenue Board. During the presentation, the chief minister was told that during the…

ISLAMABAD: The federal government is reportedly considering 10 percent increment in salaries of government employees and 15 percent increment in pensions in upcoming budget 2017-18, sources said.  According to sources, the working has been started on the directions of Finance Minister Ishaq Dar for the upcoming annual budget of the country. The recommendations suggest that 50 percent of the ad hoc allowance to be merged into basic salaries of government employees along with a ten percent increment. Similarly, 15…