Sindh govt scraps pension, gratuity for new employees

The Sindh Cabinet has approved the implementation of the Defined Contribution Pension Scheme 2024, under which newly recruited employees will not receive pensions or gratuity upon retirement.

As per the scheme approved by the Sindh Cabinet, newly hired provincial employees will now be part of the Defined Pension Scheme.

Under this scheme, employees will contribute 10% of their salary, while the government will add 12% to this amount. These contributions will be credited to the employees' accounts.

The funds can be accessed by the employee after retirement, or in case of their passing, their heirs will receive the amount.

In a meeting chaired by Chief Minister Murad Ali Shah, the cabinet also approved the release of 430 million rupees for the restoration of the RO plant in Islamkot and agreed to hand over the cadet college in Dadu district to the Pakistan Navy.

Additionally, the cabinet declared the Karoonjhar mountain range as a protected heritage site.

Other decisions included imposing a 7-year prison sentence and a fine of 500,000 rupees for cultivating banned narcotic crops, legislating against bottom-trawling fishing in creeks and provincial marine areas, initially issuing Benazir Hari Cards to landowners with up to 25 acres, and approving penalties of up to 7 years in prison and fines of 1 million rupees for drug possession.