PENSION
Pension is lumpsum financial support for a retired person by a Government of Pakistan. As this Pension system helps the old-age community to manage their needs after the employment period.
Pension has the following types;
Superannuation Pension
A Governments employee gets this type of pension after completing the age of superannuation, currently superannuation age in Pakistan is 60 years.
Formula: Last Pay x Service x 7 / 300
Retiring Pension
Now, if an Government employee has served for 25 years (qualifying service) he/she can get “Retiring Pension”.
Formula: Last Pay x Service x 7 / 300
Extra-Ordinary Pension
In this type of pension a Government employee faces injuries or due being murdered while performing his duty, Extra Ordinary Pension will be granted to him or her.
Formula: Last Pay x Service x 7 / 300
PENSION CALCULATOR