Balochistan Shifts Government Employees to Contributory Pension System

Quetta: The Balochistan government has announced the transition of its employees to a contributory pension system, following similar reforms in Punjab and Khyber Pakhtunkhwa.

According to the Securities and Exchange Commission of Pakistan (SECP), the move is part of broader pension reforms aimed at reducing the long-term financial burden on the government. Officials added that pension fund frameworks for the federal government and Sindh are also being finalized.

Under the new contributory pension system, government employees will regularly contribute a fixed amount to a pension fund, replacing the traditional “pay-as-you-go” model. These funds will be managed by licensed professional fund managers and invested to generate returns over time.

At retirement, employees and their families will receive pension benefits based on the accumulated contributions and investment growth.

SECP has assured full support in implementing the reforms, stating that the new system is designed to ensure sustainability, transparency, and improved financial security for public sector employees.