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Federal Government Contemplates Lowering Retirement Age to 55: Key Insights on Pension Reforms

Federal Government Contemplates Lowering Retirement Age to 55: Key Insights on Pension Reforms

The federal government of Pakistan is evaluating a significant reduction in the retirement age for government employees from the current 60 years to 55. This proposal, driven by the need to address the country's escalating pension costs, could potentially save up to Rs. 1 trillion annually. However, while the move could offer long-term financial relief,…

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