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How pension is calculated in Pakistan?

Updated: 8/21/2019
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9y ago

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Pension calculation formulas are different in different provinces and services .

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Q: How pension is calculated in Pakistan?
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With a British passport how long are you allowed to stay in Pakistan before your pension is cut?

about 24 months


What is the pension formula in Pakistan?

In Pakistan we calculate pension by the following formula: length of regular service x basic pay x 7 _______________________________ 300 if someone's length of service is 26 years his basic pay is Rs. 30,000 then his monthly pension will be 26 x 30,000 x 7 _____________ = 18,200 rupees per month 300


Why You choose National Bank of Pakistan?

National Bank of Pakistan is a government sector bank. Normally National Bank of Pakistan is utilized by the Government of Pakistan to transact salaries of Government employees. National Bank of Pakistan is also used by the government to transact pension amount to the retired personnel.


If i racive danish old age pension in pakistan and i dont have any dacoments of denmark i just remember my danish person id number you tell me i am danish cityzen?

Yes, if you have a Danish Identification number, then you are still a Danish citizen.


What is the average pension lump sum amount?

The average pension lump sum amount varies depending on factors such as the individual's salary, years of service, and pension plan rules. Typically, lump sums are calculated based on a percentage of the pension or a specific formula set by the plan. It's best to consult with your pension plan administrator for specific details.


How much is the pension of a journalist?

The pension amount for a journalist can vary widely depending on factors such as their salary, years of service, and the specific pension plan they are enrolled in. It is typically calculated based on a percentage of their average salary during their working years. It's best to consult with the specific pension plan or financial advisor for accurate details.


Do teachers get life insurance?

In Pakistan yes. The teachers who fall in permanent job category get their pension. But teachers with a contract type of job or in a private school of college have not any pension facility.


How can my mother get my father pension from Pakistan International Airline he passed away in 2006 since then she didn't get the pension?

I am a former PIA employee. PIA pension rules state that a retired employee (pensioner) would receive the pension for his entire life. However, in case he dies, the widow shall receive pension as per the following rules: (i) If the retiree / pensioner has received pension for 10 years or more, no pension shall be paid to the widow. (ii) If the retiree / pensioner has received pension for less than 10 years, pension to the widow shall only be paid for such differential period. For example, if a pensioner has received pension for 8 years and he dies, the widow shall receive pension for only 2 years, where after the pension payment shall stop. I hope this answers the query. Kind regards, Syed Shahnawaz Nadir Shah


If there is 6.30pm GMT then what will be time in Pakistan?

Pakistan time zone is calculated as follows: Local time (in Pakistan) = GMT + 5 HRS so: PST (Pakistan Standard Time) = 6:30 PM + 5:00 PST = 11:30 PM


What is the present pension for Group X JWO having 16 Years Service?

The present pension for a Group X Junior Warrant Officer (JWO) with 16 years of service would depend on the specific pension scheme in place. Typically, it is calculated as a percentage of the average emoluments of the last 10 months of service before retirement. It is advisable to check with the relevant pension authorities for the exact amount.


How is a widows state pension calculated?

The calculation of a widow's state pension typically depends on various factors such as the deceased spouse's National Insurance contributions. In the UK, for example, the amount a widow receives is based on the deceased spouse's qualifying years of National Insurance contributions. The government will then assess and determine the pension amount based on these factors.


Is interest on vested benefits calculated in pension expense?

No. Interest on projected benefit obligation is used and that encompasses both vested and non-vested amounts.