Pension

Move aimed at identifying ghost accounts to plug leakages in expenditure

Decision taken by the provincial government as part of belt-tightening measures

Around 26 departments are getting 50% to 100% higher than the standard pay for rendering ‘extraordinary services’

Of Rs470b earmarked for pensions in current fiscal year, Rs369b is for military retirees

At present finalisation of pension is delayed so much that a number of workers die waiting for their pensions

Seek 100% raise for employees who retired 5 years ago

Annual pension bill of state enterprises jumps to Rs470 billion

Politics remains the thorniest part

There is a need to immediately cap these massive unfunded pension labilities at their present level

Adding annual increments to the basic pay will put a ‘heavy financial burden’ on the govt