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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
What is commutation and pension formula in Pakistan?
In Pakistan, commutation refers to the conversion of a portion of a pension into a lump sum payment, allowing retirees to receive an immediate cash benefit while reducing their monthly pension. The pension formula typically involves calculating the monthly pension based on the length of service and the final basic pay, often following a specific percentage of the last drawn salary multiplied by years of service. The commutation factor is applied to determine the lump sum amount, which is then deducted from the total pension, impacting the monthly payments thereafter.
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.
Can you explain how a final salary pension works?
A final salary pension, also known as a defined benefit pension, is a retirement plan where your pension income is based on your final salary and the number of years you worked for your employer. The pension amount is calculated using a formula that takes into account your salary and years of service. This type of pension provides a guaranteed income in retirement, usually paid monthly for the rest of your life.
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.
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 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.
How much pension of assistant commissioner of sale tax in uttrakhand?
The pension for an Assistant Commissioner of Sales Tax in Uttarakhand can vary based on factors such as years of service, last drawn salary, and the specific pension scheme applicable. Typically, the pension is calculated as a percentage of the last salary drawn, often around 50%. For precise figures, it is advisable to consult the Uttarakhand government's official notifications or pension regulations.
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
How can you check your pension amount?
To check your pension amount, start by reviewing your pension plan documents, which often outline how benefits are calculated. You can also contact your pension plan administrator or HR department for specific details about your account. Additionally, many pension plans offer online portals where you can log in to view your balance and projected retirement benefits. Regularly checking these resources will help you stay informed about your retirement savings.
