The Government of Pakistan has decided to update the Benevolent Fund policy for government employees. The new policy will increase the amount of money employees receive after retirement. This move is expected to benefit thousands of workers across different job grades in the public sector.
What Is the Benevolent Fund?
The Benevolent Fund is a financial support system for government employees. It provides money to workers when they retire, and in some cases, helps their families after death. It’s a kind of “thank you” from the government for years of service.
New Retirement Payouts Announced
In a recent Cabinet Secretariat Committee meeting, officials shared new details about how much employees will receive after retirement:
- 🟢 Grade 1 to 10: Rs. 500,000
- 🟡 Grade 11 to 15: Rs. 1,000,000
- 🔵 Grade 16 and above: Rs. 1,500,000
These new amounts are meant to help retired employees start their new life with more financial support.
Policy Under Financial Review
Officials from the Benevolent Fund Department informed the committee that a private firm has been hired to study the financial impact of this new policy. The firm will:
- Review how the new payouts will affect the government’s budget
- Give a timeline and full report within 90 days
This step is important to make sure the policy is affordable and long-lasting.
Concerns Raised by Lawmakers
During the meeting, PPP member Agha Rafiullah criticized the current system, saying that:
“The government seems to wait for retired officers to die before paying their benefits.”
His comments were a reminder of the delays some families face when trying to receive post-retirement benefits.
Extra Benefit in Khyber Pakhtunkhwa (KPK)
In a separate move, the KPK government has announced a plan to offer interest-free loans to government employees. This will help workers manage daily expenses or emergencies without turning to high-interest loans.
Final Thoughts
The updated Benevolent Fund policy is a positive step for government employees in Pakistan. With larger retirement payments and the promise of interest-free loans in some provinces, many workers can now look forward to a more secure future after retirement.
However, the government must ensure that the implementation is smooth, fair, and on time, so that every retired employee receives the benefits they truly deserve.
