Pensions A pension (; ) is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be either a "defined benefit plan", wher ...

Pakistan Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia. It is the List of countries and dependencies by population, fifth-most populous country, with a population of over 241.5 million, having the Islam by country# ...

are provisions which are provided to retired employees.

Coverage

Only the retired formal sector mostly benefits from pensions as most of the social schemes and retirement welfare system in the country cover a small proportion of the old-age population, whereas a significant proportion of the elderly population working in the

informal sector An informal economy (informal sector or grey economy) is the part of any economy that is neither taxed nor monitored by any form of government. Although the informal sector makes up a significant portion of the economies in developing countri ...

remains largely unprotected by these social security schemes. There have been calls for devising and implementing reform in the pension sector of the country in a way where there is efficient deployment of resources and the eligible, yet economically disadvantaged portion of the retired population, is also entitled to receive and be endowed with this social security right.

Pension Funds and Schemes

* Contributory Pension Fund Scheme
This scheme is for all government employees.
* Government of Punjab's Defined Contribution Pension Scheme * Government of Khyber Pukhtunkhwa's Defined Contribution Pension Scheme * Voluntary Pension Scheme
This scheme is for all Pakisanis. https://www.mufap.com.pk/WebPost/WebPostById?title=VoluntryPansionFund(VPS)

References

External links

Pakistan Pension Fund
(PPF)
National Savings - Pension Accounts

* ttps://web.archive.org/web/20130430073534/http://opf.org.pk/frmFAQ.aspx?FaqType=Pension Overseas Pakistanis Foundation - Pensions
Employees Old-Age Benefits

EOBI
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