The new policy, implemented in line with the federal government’s approach, aims to better manage pension expenses.
According to the notification issued by the Balochistan Finance Department, the duration of family pensions has been limited to 10 years. However, pensions will be provided for life to disabled children, while other children will be eligible for pensions until the age of 21.
It is noteworthy that the federal government had already initiated pension reforms, which will apply to federal civil servants recruited in the current fiscal year and to military personnel in the next fiscal year.
According to the Ministry of Finance, under the new policy, the pension for retired employees will be calculated based on the average pensionable salary of their last 24 months of service. Additionally, a complete ban has been imposed on “double pensions,” meaning that government employees will now be eligible for only one pension.
These reforms are introduced under the conditions of the International Monetary Fund (IMF) to improve expenditure management. Experts believe that these changes will bring transparency to the pension sector and help control government spending.