- Prime Minister Shahbaz Sharif granted another extension to the Wages and Pensions Commission for subordination of recommendations.
- Officials say the PTI-led government provided an allowance to reduce inequality of fifteen% for officials of grades 1-19.
- Three options for Salary increases include 5%, 10% and 15% increases.
ISLAMABAD: Three options jack up salaries from 5-15% in in budget for incoming fiscal year are under government review, in connection with the Wages and Pensions Commission failure in subordination of report ahead of in next budget which led to prime ministers decision grant another extension, News reported on Monday.
The finance department has published a grant notice of another extension of the Commission on Wages and Pensions, according to which the deadlines for performance of the Commission’s recommendation was extended until June 30, 2022.
upper official sources said that former led by PTI government provided a benefit to reduce inequality of fifteen% for officials posted from 1st to 19th grade, with effect from March 1, 2022 However new Prime Minister Shahbaz Sharif at the head government announced another 10% increase in in pension and raised the minimum wage to 25,000 a month.
Against this background, the Ministry of Finance official said that government worked on three different options for jack up salary up up to 5%, 10% and 15%. Wage of grades 1 to 19 can be increased by an additional 5-10% special allowance in forthcoming budget. Wage of the number of employees of grades 20-22 can be increased by 10-15%.
Except government can increase pensions by 5-10% in commemoration of rising inflationary pressures. Ministry of Financial Regulation Wing Completed Internal work and decided to hire an actuary for preparatory work. It was also decided to set up a Wages and Pensions Commission to also seek its advice.
The commission was set up by PTI at the head government in April 2020 and former Finance Minister Abdul Wajid Rana was made its chairman. However, he resigned, and then former bureaucrat Nargis Sethi was appointed chairman of the Wages and Pensions Commission. She later also resigned.
Then government appointed Zafar Ahmed Khan as chairman of Commission on wages and pensions. The commission has sought two extensions so far, but failed come up with his recommendations.
terms of link of The commission on pay and pensions included the text box which is to study the adequacy of existing basic pay scale system and evaluate current salary of government employees throughout the Federation, including provincial government – and recommend measures for this is improvement and uniformity.
it also includes recommendations for optimization of existing classification from BPS 1-22, study division of existing basic pay scale for specialized departments/professions/personnel, review of special scales such as managerial grades, MP Scales, special professional tariff scales (SPS); project salary scales and propose measures for uniformity and improvement, review of admissible regular allowances, special incentives and all other allowances with a view identify common misstatements and recommend corrective actions, review of existing benefits and amenities and make recommendations, including the possibility of their monetization.
The pension commission was instructed to highlight the existing distortions and anomalies in pension plan and recommend remedial action. It was also instructed to check the stability of in current model after critical appraisal future obligations through actuarial research, evaluating alternative systems of pension like installed contribution and installation up of pension funds in light of international best practices and recommendations system with clear terms, that is more efficient and sustainable in accordance with available Resources.
He was given a mandate to review existing incentive regime (fees and special rewards) and recommend improvement in it is to evaluate and recommend legislative measures to protect and rationalize the regime of wages, pensions and benefits. for government employees, the commission may, at the discretion of the government, make interim recommendations on the provision of interim assistance prior to submission of this is final report. The commission must have power co-opt any person or agency to help him in his discussions.
.
