Tuesday, March 5, 2024

KP Govt. says increase in retirement age can save Rs.140 billion in 10 years

On Friday, Khyber Pakhtunkhwa’s Finance Minister, Taimur Saleem Jhagra said that a rise in government employees’ retirement age could save Rs140 billion in about 10 years for the province.

“While we (the government) need to make other pension reforms, the single decision to raise the retirement age will save the province around Rs140 billion in about a decade,” the Minister told a news conference here.

On Thursday, the Supreme Court set aside the Feb 2020 decision of the Peshawar High Court to turn down the KP government’s attempt to lift the upper age limit of its employee from 60 years to 63 years, and referred the matter back for new decision to the high court.

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