Pakistan Assessment of Civil Service Pensions

This report was prepared at the request in mid-2018 of the Secretaries of Finance for the Pakistan Federal Ministry of Finance, the Sindh Ministry of Finance and Punjab Ministry of Finance. Missions visited Pakistan in January and November 2018, th...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	CIVIL SERVICE PENSION PUBLIC PENSIONS PENSION REFORM CONTRIBUTORY PENSION
Online Access:	http://documents.worldbank.org/curated/en/850151591844913970/Pakistan-Assessment-of-Civil-Service-Pensions http://hdl.handle.net/10986/33910

id	okr-10986-33910
recordtype	oai_dc
spelling	okr-10986-339102021-05-25T09:55:25Z Pakistan Assessment of Civil Service Pensions World Bank CIVIL SERVICE PENSION PUBLIC PENSIONS PENSION REFORM CONTRIBUTORY PENSION This report was prepared at the request in mid-2018 of the Secretaries of Finance for the Pakistan Federal Ministry of Finance, the Sindh Ministry of Finance and Punjab Ministry of Finance. Missions visited Pakistan in January and November 2018, the latter which included a week-long training program in the use of the Pensions Reform Options Simulation Toolkit (PROST). Policy discussions were held about reform options in January 2019 during a workshop on South Asia Civil Service Pension system in Bangkok, Thailand. The initial findings of the PROST projections were discussed with key counterparts in Islamabad, Karachi and Lahore in October, 2019. This report evaluates the current civil service pension scheme and suggests options to consider for pension policy and parameter reforms to improve sustainability, equity and predictability. Actuarial projections have been employed for the civil servant schemes for the Federal civil servants, and for civil servants in Punjab and Sindh. We have not modeled the schemes for other provinces, for Autonomous Authorities or for Uniformed Forces. This report is organized as follows: section two reviews the design, parameters and coverage of the civil servant pension schemes in Pakistan; section three evaluates the key challenges presented in these schemes; section four suggests options for parametric and structural reforms; and section five concludes. 2020-06-15T16:23:53Z 2020-06-15T16:23:53Z 2020-02-05 Report http://documents.worldbank.org/curated/en/850151591844913970/Pakistan-Assessment-of-Civil-Service-Pensions http://hdl.handle.net/10986/33910 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Social Protection Study South Asia Pakistan
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CIVIL SERVICE PENSION PUBLIC PENSIONS PENSION REFORM CONTRIBUTORY PENSION
spellingShingle	CIVIL SERVICE PENSION PUBLIC PENSIONS PENSION REFORM CONTRIBUTORY PENSION World Bank Pakistan Assessment of Civil Service Pensions
geographic_facet	South Asia Pakistan
description	This report was prepared at the request in mid-2018 of the Secretaries of Finance for the Pakistan Federal Ministry of Finance, the Sindh Ministry of Finance and Punjab Ministry of Finance. Missions visited Pakistan in January and November 2018, the latter which included a week-long training program in the use of the Pensions Reform Options Simulation Toolkit (PROST). Policy discussions were held about reform options in January 2019 during a workshop on South Asia Civil Service Pension system in Bangkok, Thailand. The initial findings of the PROST projections were discussed with key counterparts in Islamabad, Karachi and Lahore in October, 2019. This report evaluates the current civil service pension scheme and suggests options to consider for pension policy and parameter reforms to improve sustainability, equity and predictability. Actuarial projections have been employed for the civil servant schemes for the Federal civil servants, and for civil servants in Punjab and Sindh. We have not modeled the schemes for other provinces, for Autonomous Authorities or for Uniformed Forces. This report is organized as follows: section two reviews the design, parameters and coverage of the civil servant pension schemes in Pakistan; section three evaluates the key challenges presented in these schemes; section four suggests options for parametric and structural reforms; and section five concludes.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Pakistan Assessment of Civil Service Pensions
title_short	Pakistan Assessment of Civil Service Pensions
title_full	Pakistan Assessment of Civil Service Pensions
title_fullStr	Pakistan Assessment of Civil Service Pensions
title_full_unstemmed	Pakistan Assessment of Civil Service Pensions
title_sort	pakistan assessment of civil service pensions
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/850151591844913970/Pakistan-Assessment-of-Civil-Service-Pensions http://hdl.handle.net/10986/33910
_version_	1764479778284371968

Pakistan Assessment of Civil Service Pensions

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