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UN pension is a retirement benefit provided to people who have worked directly for the United Nations organization. It is provided through the United Nations Joint Staff Pension Fund (UNJSPF) under Article 28 [1] of the Regulations, Rules and Pension Adjustment System of the United Nations Joint Staff Pension Fund (UNJSPF Rules).
As an alternative, some couples find creative solutions by taking a lump sum from one spouse’s pension and opting for monthly payments from the other. 3. Income needs
In November 2023, Pakistan Post announced that it would stop paying pensions to military accounts. This amount will be transferred to the banks from December 1. The decision was taken to meet the requirements of the Financial Action Task Force (FATF) after it failed to digitize its accounts.
Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns. Traditionally, many governmental ...
In October 2022, an audit conducted by the Auditor General of Pakistan (AGP) of MEO Quetta uncovered a discrepancy amounting to Rs 82 million in the construction of the commercial plaza by the Pakistan Armed Services Board (PASB). A parcel of land, spanning 1,517.52 square meters, was leased to the PASB for 30 years for the construction of a ...
Reporting from its headquarter in Nowshera Cantonment, Khyber-Pakhtunkhwa in Pakistan, the service corps is one of the important military logistics branch in the Pakistani military, and is commanded by its director-general, Maj-Gen. Usman Haq as of 2023.Unlike other arms like infantry , armour , arty , eme , engineers and other supporting arms ...
The final accrued amount is available as a monthly pension or a lump sum, but usually monthly. In the US, 26 U.S.C. § 414(j) specifies a defined benefit plan to be any pension plan that is not a defined contribution plan (see below) where a defined contribution plan is any plan with individual accounts.
Examples of other pay systems in Pakistan include the Special Pay Scale (SPS) and army scales, while private organizations, companies, and industries are free to devise their own pay structures, subject to the government setting a minimum salary for private employees.