Pension facility will no longer be available to new employees recruited in Khyber Pakhtunkhwa universities.
PESHAWAR:( Nexhnews) Pension facility for government employees has been abolished and pension facility will no longer be available to new employees recruited in Khyber Pakhtunkhwa universities. According to details, the Khyber Pakhtunkhwa Department of Higher Education has abolished the pension facility for newly recruited employees in all the universities of the province to avoid financial deficit.tement issued by Higher Education Khyber Pakhtunkhwa, it has been directed to increase the fees by revising the fees of schools under the supervision of universities in the province.
The statement said that the medical and housing allowances of university employees should be changed to bring them on par with the scale of the provincial government.For fixes, security and different costs, cash ought to be gathered from the workers living inside the grounds with the goal that the weight on the colleges can be limited.
It should be noted here that the federal government has said on several occasions that the pension system of government employees in the country is a huge burden on the exchequer.
Every year the government has to pay trillions of rupees in pensions.In the present circumstance, the government is attempting to diminish the weight on the public exchequer by changing the benefits framework.