The federal government has decided to revise the welfare fund policy for payments to government employees after retirement.
The decision was shared during a meeting of the Cabinet Secretariat Standing Committee of the National Assembly, chaired by Malik Abrar Ahmed. Officials from the Benulent Fund have confirmed that a new payment structure will now apply based on the retired employee’s grades.
A new structure of payment
- Grade 1 to 10: Rs. 500,000 on retirement
- Grade 11 to 16: Rs. 1,000,000 on retirement
- Grade 17 and above: Rs. 1,500,000 on retirement
Officials also revealed that the Benulent Fund has hired a private firm to assess the financial impact of the new policy, the firm is expected to provide a detailed timeline soon.
During the meeting, PPP member Agha Rafifullah criticized the government and said, “It is waiting for the officers to die after retirement rather than properly help them.”
The Standing Committee has funded for 90 days to complete its financial review of the revised policy.
The meeting also included a request for a letter regarding the Prime Minister’s relief package for the flood victims. Members raised questions about the role of the Power Division and how to distribute aid distribution.
As a result, the committee called for the Federal Minister for Energy to attend the next meeting and to provide clearance on the process.