The federal government on Thursday made it mandatory for pensioners to undergo biometric verification. The new regulation was passed to streamline the existing pension payment system, with numerous under-the-radar cases coming to light over the past few years.
As per updated regulation, pensioners who draw cash under Federal Treasury rules are now obligated to biometrically verify their credentials every March and October.
The new rules also dictate that in case a pensioner is unable to undergo verification due to any mental or physical weaknesses, they will have to provide a life certificate signed by an authorized individual as per Federal Treasury rules every six months.
It is worth mentioning that the government has vetoed the usage of joint bank accounts.
Furthermore, if a pensioner does not withdraw beneficial payments for six consecutive months, their account will be rendered non-functional.
Previously, the federal cabinet had increased the minimum monthly pension payments from Rs. 6,500 to Rs. 8,500.
Now, the EOBI cardholders will be able to buy basic items at discounted rates from the state-run Utility Stores, as per the agreement signed on Thursday. On the subject of pension rules, the federal cabinet expects to further revamp the process soon.