Pension bill It is high time Pakistan moved towards contributory schemes to control ever-growing pension bill. Updated30 Jun, 2023 10:50am GB Budget 2023-24: GB assembly passes Rs116bn tax-free budget Heated exchanges witnessed as treasury benches criticised for not prioritising region’s issues...
A 4.9% inflationary adjustment is being made to all personal income tax brackets and there is a corresponding increase in the medical tax credits and normal tax rebates. The tax brackets for transfer duties, retirement fund lump sum benefits and withdrawals will be adjusted upwards by 10% to...
Inflation will flow through union agreements, pension obligations and supplier prices. This will put pressure on discretionary spending. That O&M increase of 1.4 per cent also looks tight if you add the impact of population growth, which the Yukon government forecasts at around two per cent. Tho...
The focus will be on the pension contribution, which will be the same for all age groups. The bill on the Future of Pensions Act was adopted by the Lower House of Parliament on December 22, 2022 and by the Upper House on May 30, 2023. The Act took effect on July 1, 2023. A ...
increase from 15% to 30% for earnings corresponding to the proportion of an individual’s total superannuation balance that is greater than $3 million. Earnings relating to assets below the $3 million threshold will continue to be taxed at 15%, or 0% if held in a retirement pension account...
$23.9 million to strengthen the County’s pension fund, representing 100 percent of the annual required contribution. Continued investment in the County’s workforce including non-contractual base wage increases in line with peer counties and a compensation study to address pay equi...
TOM ERNST
A separate amount of1,38,205 crore has been allocated for defence pensions, which compared to last year's allocation of1.19 lakh crores indicates an increase of 15 per cent. This could be because of payment of one rank, one pension (OROP) which the Supreme Court has directed the government...
For fiscal year 2025, the CTA is proposing a $2.16 billion operating budget—an 8.1 percent increase (or $161.1 million) over the previous year’s budget. This budget keeps fares at current levels and supports CTA’s ongoing workforce initiatives for hiring, training and retaining key operations...
It’s now been confirmed that the State Pension will rise by 4.1% in April 2026, as expected, under the state pension “triple lock”, which raises the State Pension by the higher of wages, inflation, or 2.5%. More than 12m pensioners will gain up to £473 increase next year. ...