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Pension Burden: Dawn Editorials & Opinions
Pension Burden: Dawn Editorials & Opinions
Pension burden
Editorial 20 August 2020
PRIME MINISTER Imran Khan has described the government’s rapidly تیزی سےincreasing pension bill as a far
more serious سنگینproblem than the huge بڑا صpower-sector debt قرضہ. That might sound a bit exaggerated
مبالغہ آرائیat a time when the government continues to make its pension payments but appears unable to
liquidate کمی الناthe circular debt. However, the time is not far off when the ballooning پھیلتا ہواpension
expenditure خرچwill become our biggest budgetary بجٹ سے متعلقchallenge, further squeezing کمی التے ہوئے آئے
the space for development ترقیunless, as Mr Khan rightly asserted زور دیاat a recent cabinet meeting, it is
tackled نمٹا گیاquickly تیزی سے. The federal and provincial pension liabilities واجباتare already becoming
fiscally مالی طور پرunsustainable. غیر مستحکمFor example, the country’s consolidated مجموعیfederal and
provincial pension obligations ذمہ داریاںare estimated to have reached Rs1tr for the current financial year, or
equal to a quarter ایک چوتھائیof the total taxes collected by FBR last fiscal. The data shows that the annual
federal pension payments of Rs470bn, which mostly consisted مشتملof military pensions and excluded خارج کیا
گیاretirement benefits فوائدpaid by SOEs (state owned enterprises) to employees, have grown close to the annual
wage تنخواہbill. Similarly, at the provincial level, Punjab has booked an expenditure of Rs250.7bn, or just
Rs15bn less than what it spent on development last year, for pension payments during the ongoing جاریfiscal
مالی سال. Punjab’s pension budget has spiked اضافہ ہواby an annual average of 24.1pc since 2011. The story in
the other provinces is not much different. If the current state of affairs ، معامالت، صورتحالis allowed to continue,
the entire pension system will become insolvent دیوالیہ..
Multiple کئیfactors have contributed to the exponential ، تیز، تیزی سےgrowth in the pension payments of the
government in recent years: a) the public sector’s سرکاریgrowing size; b) increase in life expectancy ;توقعc) a
skewed ٹیڑھاunfunded public pension system that lets children and grandchildren of retirees ریٹائر ہونے والے
draw pension payments; and d) hikes اضافہin pension benefits to offset تالفیthe impact of inflation افراط زر. Mr
Khan also hinted اشارہ دیاat hiring a foreign consultant to suggest pension reforms. It is not for the first time that
a government has enunciated اعالن کیاits plans to address the challenges posed by an unsustainable public
pension system. Various کئیefforts in the last couple of decades have resulted in minor changes, with no
significant خاطر خواہshift تبدیلیin the existing unfunded, pay-as-you-go defined retirement benefits scheme or
reduction in the liability واجبات. The purpose of future reforms should be to stop growth in the government’s
pension-related liabilities, reduce the present pension bill and restructure تعمیر نوthe system on a self-sustaining،
خود مستحکم، خودکارmodel..
Different countries have successfully adopted اپنایاdifferent models in order to avoid the dangers associated
منسلکwith the pay-as-you-go-based pension system in recent years. One is the shift from the current unfunded
defined pension benefits to a fully funded, defined contributory شراکت داریpension scheme with the government
guaranteeing ضمانت دیتے ہوئےa minimum monthly income after retirement. Whatever model is adopted, the
long-term دور رسfocus توجہshould be to ensure post-retirement income security تحفظfor government
employees while reducing the burden of pension payments on the budget..
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Dawn Editorials & Opinions
A tragic murder
Editorial 20 August 2020
IT is an image that must sear جھلساناitself into the conscience ضمیرof a nation: a mother, her face contorted بگڑا
ہواin a howl of grief دکھ سے رونا, arms stretched پھیلے ہوئےupwards as though جیسا کہasking heaven ‘ آسمانwhy?’
and a father, weeping روتے ہوئےhelplessly بے بسی سےover the body of their dead son, the earth soaked بھیگا ہوا
in the young man’s blood. The victim شکارwas Hayat Baloch, a BSc physiology student at Karachi University
and the first in his family to go to a higher education institute. With his degree, he believed he could find a job
that would bring his parents relief from a financially مالیstrapped بندھی ہوئیexistence بقا،موجودگی: that dream
died with him on a dusty گرد آلودroad in Turbat, Balochistan, last week. Hayat and his father were harvesting
اتاررہے تھےdates کھجورat a farm when passing Frontier Corps vehicles were targeted by an IED (improvised
explosive device). Some FC personnel عملہwho had fanned بکھرے ہوئےout in the area to search for the culprits
مجرمcame upon Hayat. They dragged him to the road, shot him multiple times and left him to die. His father
pleaded التجا کیin vain بے سودthat his son had been working alongside ساتھhim all day..
Extrajudicial ماورائے عدالتkillings, often in the form of staged نقلیencounters مقابلے, are a stain دھبہon this
country’s reputation سوق, belying جھٹالتے ہوئےits claim دعویto be a democracy جمہوریتwith constitutionally
آئینی طور پرprotected rights to security of person and due process. Hayat’s murder created an uproar ہنگامہ
largely because the image described above went viral. The FC has handed over the alleged مبینہkiller to the
police, and Human Rights Minister Shireen Mazari condemned the “brazen ڈھائیkilling” as “absolutely
unacceptable” saying that an inquiry must be held. One hopes that justice will indeed be served. Usually,
however, most victims of this crime remain mere محضstatistics. شماریاتNot only do extrajudicial killings take
place with impunity استثناءin the sparsely کمpopulated reaches عالقےof Balochistan, but elsewhere in the
country too, including Karachi — a consequence of the carte blanche آزادیcertain sections of law-enforcement
have been given in the name of fighting against militant/separatist علیحدگی پسند/ جنگجوgroups. Who can forget
former SSP Rao Anwar under whom, according to the police’s own record, at least 444 people were slain قتل
ہوئےin fake encounters? جعلی پولیس مقابلےA public furore ہنگامہsimilar to the one over Hayat’s death finally led
to Rao being indicted فرد جرمfor Naqeebullah Mehsud’s murder in January 2018. But the now retired cop پولیس
مینremains free on bail while his trial drags on گھسٹناand key prosecution استغاثہwitnesses گواہturn hostile
مخالف. Such is the bitter reality کڑوی حقیقتof how the state, more often than not, treats extrajudicial killings..