{"id":57284,"date":"2025-08-04T08:47:09","date_gmt":"2025-08-04T08:47:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/57284\/"},"modified":"2025-08-04T08:47:09","modified_gmt":"2025-08-04T08:47:09","slug":"contributory-pension-fund-set-up","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/57284\/","title":{"rendered":"Contributory pension fund set up"},"content":{"rendered":"<p>                                        ISLAMABAD:<\/p>\n<p>The Pakistan Sports Board (PSB) has established a Contributory Pension Fund to ensure long-term pension sustainability and to address future financial pressures.<\/p>\n<p>This decision was taken during the 34th PSB Board meeting, where amendments to the existing pension rules were discussed, said a press release. Following the board&#8217;s approval, a formal notification was issued for the establishment of the fund.<\/p>\n<p>The fund will be operated on a shared contribution model. Serving employees will contribute 10% of their basic pay, retired employees will also contribute 10%, and pensioners above the age of 72 will contribute 20%. the PSB itself will contribute an additional 20%.<\/p>\n","protected":false},"excerpt":{"rendered":"ISLAMABAD: The Pakistan Sports Board (PSB) has established a Contributory Pension Fund to ensure long-term pension sustainability and&hellip;\n","protected":false},"author":2,"featured_media":57285,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,20835,16236,147,530],"class_list":["post-57284","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-latest","tag-pakistan","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/57284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=57284"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/57284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/57285"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=57284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=57284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=57284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}