The National Assembly Standing Committee on Parliamentary Affairs on Wednesday urged Pakistan Railways to develop a sustainable pension relief model for its retired employees, including all beneficiaries covered under the Prime Minister\u2019s assistance package.<\/p>\n
The meeting, chaired by MNA Rana Iradat Sharif Khan, emphasized that any proposed model must ensure long-term financial sustainability while fully protecting the rights and welfare of pensioners.<\/p>\n
Briefing the committee, the Member Finance of Pakistan Railways said the department is the only government institution that pays pensions to its retirees from its own financial resources.<\/p>\n
He informed members that Pakistan Railways is facing rapidly increasing pension liabilities, including commutation, leave encashment, benevolent fund payments and claims under the Prime Minister\u2019s assistance package.<\/p>\n
He added that the organization does not have a dedicated pension fund, while pension-related expenses are growing much faster than its operational revenues.<\/p>\n
This imbalance continues to place severe pressure on the railways\u2019 budget and limits its ability to invest in core railway operations.<\/p>\n
Committee members stressed the need for urgent reforms to ensure financial stability without compromising pensioners\u2019 entitlements.<\/p>\n","protected":false},"excerpt":{"rendered":"The National Assembly Standing Committee on Parliamentary Affairs on Wednesday urged Pakistan Railways to develop a sustainable pension…\n","protected":false},"author":2,"featured_media":211739,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[72,176,61,60,174,175],"class_list":{"0":"post-211738","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-ie","11":"tag-ireland","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/211738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=211738"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/211738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/211739"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=211738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=211738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=211738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}