The rate of fixed contribution shall be determined on the
basis of authentic actuarial valuation report by one of the two most
well-known actuaries namely M/s. Akhtar & Hassan (Pvt.) Ltd. OR Sidat Hyder Morshid Associates (Pvt.) Ltd
Actuarial valuation shall be made every three years instead
of five years.
No change in the pension schemes involving enhancement of
financial obligation of the “State Pension Authority” shall be made
without actuarial valuation and provision for matching finances to
meet the resource gap.
Statutory period of actuarial valuation shall be reduced from
five to three years and actuarial certificate attached to financial
statement to certify financial health of the Scheme.
Transparent systems and procedures shall be enforced and
periodic meetings shall be held with representatives of employers
& employees to solicit their views on ways and means of
generation of maximum income from contribution, investments and
other possible avenues.
At appropriate time, the Institution shall be got ISO 9000
certified to establish credibility of Institution by international
State Pension Scheme shall
be backed by Government guarantees.