Effective July 1, 2023, a New Pension System Will Be Implemented: Pension Care

by | Jul 21, 2023 | Retirement Pension | 21 comments

Effective July 1, 2023, a New Pension System Will Be Implemented: Pension Care




Pension New System will be implemented w.e.f 1st July 2023 || pension care ||

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Pension New System will be implemented w.e.f 1st July 2023 || PensionCare

In a move that aims to enhance the pension system and provide better financial security to individuals, a new pension system will be implemented starting from 1st July 2023. The initiative, called PensionCare, aims to address the existing challenges faced by pensioners and revamp the overall pension framework.

One of the major drawbacks of the current pension system is its complex nature, which often confuses individuals and leaves them unsure about their future financial security. The PensionCare system seeks to eliminate these complexities and simplify the process for pensioners. It will provide a streamlined and user-friendly platform that offers clear information regarding their pension plans, allowing individuals to make informed decisions.

One of the key features of PensionCare is the digitization of pension records. This will ensure that all relevant data is securely stored in a centralized system, eliminating the need for paperwork and reducing the chances of errors or loss of information. Pensioners will have access to their records at any time, which will enable them to stay updated with their pension contributions, projected benefits, and other related details.

Another significant aspect of the new system is its focus on financial inclusion. PensionCare aims to extend the pension coverage to all eligible individuals, irrespective of their income or employment sector. This will ensure that everyone has an equal opportunity to secure their future through a pension plan. Additionally, the system will accommodate individuals with varying financial capacities, offering flexibility in contribution amounts and benefit options.

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PensionCare also aims to address the issue of long wait times for pension approvals and disbursements. Currently, many pensioners face delays in receiving their pension benefits, causing financial stress and uncertainty. The new system will expedite this process, ensuring that pensions are granted and disbursed in a timely manner.

Furthermore, pensioners will have access to personalized retirement planning tools and resources through the PensionCare system. These resources will help individuals understand their retirement goals, calculate their required savings, and plan accordingly. With such tools in place, individuals can make informed decisions about their retirement savings, ensuring that their financial needs are adequately met during their post-employment years.

To ensure the successful implementation of PensionCare, the government will collaborate with pension providers, financial institutions, and other stakeholders to create a robust and inclusive pension ecosystem. This collaboration will help address any challenges or gaps in the system and ensure that pensioners receive the benefits they are entitled to.

The introduction of the PensionCare system marks a significant step towards improving the pension landscape. With its simplified processes, digitization, and focus on financial inclusion, the new system aims to provide better financial security and peace of mind to pensioners. By making pensions more accessible and user-friendly, the government aims to ensure that individuals can plan their retirement with confidence and enjoy a secure and comfortable post-employment life.

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21 Comments

  1. Maqsood Malik

    AAP RESPECT KE SATH BEIZATI KRWANA CHAHTE HAHN DAR SAHAB KI BARRON KE LIYEA SUB KUCH AOUR GHREBON KE LYEA LOK DOWN KHABRDAR WOTE LENEN NA AANA GANDE UNDE BHI MEHNGE HAIN

  2. Hanif Noor

    پینشرز نیے پینش کے نئے قوانین 2023-2024 کو قطعاً منظور نہیں کرتے ای ایم ایف کی جانب سے جاری یہ احکامات نا منظور

  3. Mero Plays

    logo ko chaya pakistan chor ka bangladesh shift ho jain.

  4. Abdul Rashid

    حکومت نے تو پہلے ہی زندہ کر چکی ھے اب ظلم انتہا دیکھیں ایک غریب ادمی 25,30 سال نوکری کرتا ھے تو اس کی پنشن میں کٹ لگایا جا رہا ھے اس کے برعکس ایک سینٹ چہرمینصاحب جو کہ غریب عوام پر حکومت کر کے جائے گا اس مرعائت دیکھیںتاحیات 20 سرکاری ملام کی پینشن سے کئ گنا زیادہ 100%ملیں گی کیونکہ اس نے باڈر پر دن رات کھڑے ملک دفاع کرتا رہا کیا سزیر خزانہ کیا وزیر اعظم اندھے صرف ان کو اپنے جیسے ہی نظر اتے ھیں غریب جو ان ووٹ دیکر اسمبلی اس پہ پہنچاتے ھیں کہ جاؤ ہمارا اتل کرو ہمارے بچوں بےیارو مددگار کردو دعا کرتا ھوں اللّٰہ تعالیٰ ایسا کام سر انجام دینے والوں ان کے ںچوں سمیت فرعون طرع غرق کرے ان کے لئے یہ دعا ہر نماز کے بھد کی جائے گئ انشاءاللہ

  5. Bader Jahan

    Inko jo ghur baith kr 70, 80 thousand pension di jarahi h,q di ja rahi h, 35 s aagay bilkul nahe daini chahye, private ko to aik paisa bhi nahe milta pention ka, hamari new generation ki to salary tuk 35 thousand nahe h, to phir inko q bhara jaraha h haram ka, zardari ko sharm aani chahye, insaf karo

  6. ali salim

    Bhai ye log wo hain Jin ko content chahiye haramzade 3 din se panic create ker rahe hain pehle sun tolain

  7. Najam Nisar

    Iss tarha ' rishwat ' mazeed barrh jaay gi.

  8. Malik Afzal

    I don't understand after the death of pensioner widow is entitle up to her life then children are entitled for 10 years as per minister of finance speech. Is notification is issued.

  9. zulfiqa r ali

    Mpa. mnaتنخواہ کم کیوں نہیں کرتے پینشن

  10. Ibrahim Qureshi

    Sir ak information dyn kia is ma pension ke jo Amount mil rahi ha is ma kami ho ge kay jetni mil rahi wo he mily ge

  11. RANA ALI AKBAR

    Explanation about family pension is ambiguous not clear.After the death of pensioner and his spouse,the heirs will get pension only for 10 years.

  12. M ashraf farooqi

    حکومت پاکستان سے مطالبہ 20 ہزار تک پینشن پانے والے غربت و مہنگائی کی چکی میں پستے پینشنرز کو 100 فیصد اضافہ دیا جائے

  13. roofan Khan

    Anklal ARY ka b software update hogia he.

  14. Abdul Rashid

    Double pension is detected from all pensioners or B 17 and above ? Please

  15. Shaukat Ali

    Really it is the cruelty of Punjab Government that it enhanced pension of retired employees only upto 5%. This is not only indiscrimination but also against Islamic norms. We are living in Islamic Republic of Pakistan but apparently this is for the first time that such like indiscrimination has been enforced. I request the Punjab Government to review it and enhance the pension as per federal employees pension. Please also pension benefits may not be decreased as this is the only ray of hope of a government servant.

  16. Muhammad Kamran

    Pakistani govt main say koi achay ki umeed karni he nahi chahaye. Iss mehngai k daur main pensioners ko relief k bajaye un say bacha kucha nawala bhi cheena ja raha hay. Kia yeh islamic republic of pakistan, jahan baichare buzurg pensioners ko zinda dafan kia ja raha hay. Jab yeh sab kuch karna tha tou budget main 17.5 barhai he kyun akhir. Buzurgon ki badduain sath hain in k. Jo hakoomat buzurgon ko relief nahi dy sakti tou woh aur kis ko relief dy gi. Lanat hay aisay currupt parties and leaders par. Zara bhi agar in main haya ho tou yeh rules new retired pensioners par lagoo honay chahaye. Kyun k purany retired ki tou already pension kam hay. Jo new retire hotay hain unki pension ziyada lagti hay. Aur jo judges and higher ranks walo ko hakoomat retirement k baad bhi jo facilities daiti hain pension k ilawa, un sab ko khatam karo gay tou bojh kam hoga na. Un sab ka zor baichary middleclass buzurg pensioners say kyun nikal rahay ho jo k already iss toofani mehngai main piss chukay hain. Kuch tou Allah ka khauf karo ap finance minister sahab. Kuch reham kar lain buzurgon par. Kahan jaye gay baicharay yeh. Unko relief ki tawaqo hoti hay aur hakoomat bojh samjti inko. Lanat hazaron lanat.

  17. Shazia Lateef

    Beti Jo family pansion le rahi hay us ko milti rahe gi ya nahi 2005 se mil rahi hay kindly waze kr dain

  18. AFREEN SIDDIQUI

    Bhai y to bta do family pension ka roll old pensioners pay bhee Lago ho ga ya y roll new family pensioners pay Lago hoga Yani 2023 first jully say Lago ho ga new pensioners pay?????

  19. JEWAY PAKISTAN

    پرانے بزرگوں کا بہت بڑا طبقہ ھی رہ گیا تھا جو موجودہ حکومت کا کٹر حمائتی طبقہ تھا
    اس طبقے کو کوئ دلیل بھی موجودہ حکومت کی حمائت سے باز نہیں رکھ سکی۔
    اب اس حکومت نے عجیب وغریب پینشن رولز بنا کے اپنے پاوں پر خود ھی کلہاڑا مار لیا۔ یہ 90 فیصد موجودہ حکومت کا حامی طبقہ بھی سوچنے پر مجبور کیا جارھاھے کہ وہ یہ حمائت جاری رکھے یا آئندہ الیکشن میں حکومت کے پینشنرز کو جیتے جی مارنے کا ووٹ کے ذریعے اظہار کرے۔
    دیکھو اور انتظار کرو۔الیکشن میں جیت کے لیے ایک ووٹ بھی قیمتی ھوتاھے۔

  20. ZAFAR IQBAL

    Sir jo punjab k mulmeen k sath zulam howa he.un ka zimadar kon he.baqi sobon me running pay pe ezafa.or punjab k mulzmen ki pay me baisic pay pe ezafa.kiya ye zulm nhi he.khda in ka beda ghrq kry.badua k siwa kuch nhi kr skty in zalim hkmraon pe.

  21. Youtube Channel

    10 years ki family pension new retired k lia ho ga ya phir jin ki pension chal rahi un per b lago ho ga ?

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