PTCL Reduces Employees Minimum Retirement Service Period from 25 Years to 20 Years

Dear all PTCL Employees,

The management has decided to reduce the minimum length of qualifying service for voluntary retirement for the benefit of PTCL employees. The attached file contains the notification in this regard.

Regards.

Shahzad Safdar Khan
EVP OD & (Training and Career Dev)
HQs/PTCL

Text of Notification (Modification in Retirement Age)

_____________________________________________________________________________

No: MPC/Misc/2011                                                       Dated: June 28th, 2011

Inter Office Memo

Subject:     Partial Modification in PTCL Service Regulations 1996

In order to facilitate PTCL employees in availing the benefit of voluntary retirement option before completing 25 years of service, the Management is pleased to reduce the minimum qualifying length of service required for voluntary retirement from 25 years to 20 years.

Relevant clauses of PTCL Service Regulations 1996 are hereby amended as under:

21.27. Retiring Pension – A retiring pension is granted to an employee who exercises his right   to   retire   from   service   any   time   after   completing  twenty   years  qualifying   service, before attaining the age of superannuation.

21.28. An   employee  other  than  an  employee   against   whom  disciplinary   proceedings  are pending, has the right to retire on retiring pension after 20 years qualifying service. Such an   employee   shall,   at   least   one   month  before   the   date   on  which   he   intends   to   retire,   be
required to submit a written intimation to the competent authority indicating the date on which he intends to retire. Such intimation once submitted shall be final and shall not be allowed to be modified or withdrawn after the competent authority has accepted it.

The preceding modifications will be applicable with immediate effect.

EVP (OD)

PTCL notification of Employees reduction in minimum service for Retirement

19 Comments


  1. Dear sir, employee #168800101 aftab ali dero T/o date of joining 01th aug 1988 se 15th fab 2008 ptcl sarvies 20 years package vss lettar issue 27th november 2007
    Dear dir,plese pension gards open calls 0343,2291357

  2. Muhammad Arshad Sulehri says:

    I appeal the workers to be carefull and do not apt the retirement scheme keeping in view the treatment of PTCL managment with the employees retired in 2008 (on VSS basis).The Govt.and PTCL management are not sincere with the serving and retired employees.
    thanks.

  3. shah jahan T.O quetta says:

    2007 k vss mai ptcl employees aor union ne intahai naaitafaqi ka muazahera kiya aor management ne mulazmin ko bikharne r vss lene pe majboor krne k liye regional management or union leaders ko bhaari comission or taraqi k ewaz 40000 employees nikalne ka task dia jisko pura karne k liye officers r union ne milkar propaganda muhim ka aghaaz kiya,r employees ko draya damkaya k agr vss na liya to aap sb ka future taarik jojaiga,aap sb ko future me nikal dia jaaiga ya contract pe rak dia jaiga..aaj wo saari afwahi sach saabit horahi he.agr ham shuru se hi itafaaq mai rehte to ye bura din na dekna parta…non penshioners employees ko bi nikalne pe majboor kiya gia..iska ak hi hal hai wo ye keh vss lene wale r present ptcl employees sb apas mai ak hokar apne problems hal karey…i am non penshioner..mgr aaj bhi sb me na itafaaqia he..jese ham nikal diye gai aap logo ko b nikal dia jaiga,ptcl waale chance k intazar mai he r joohi un ko moqa mila apna waar kareng..pir jese law and order k hote huwe bhi ham apna bunyadi haq penshion haasil nhi karsakte to aap log bhi hamari tarah bebasi se kuch nahi karsakoge..
    ao sb milkar ak platform banaiy,jahan se apne haqooq hasil krk us ka difaa bhi jaari rak sakyn.aap job nd salry k hote huwe itne disterb ho to hamara non penshenor ka kia haal hoga..r job chorne ka mat sochna chahe ak karor rupe q na de,q k mehengai ko jo raftar he ap log bohot jald karor pati se qarz pati nabjaaoge..hamari tarah

  4. MISERABLE PTCL PENSONER says:

    SAADI PENSION WADHAO……


  5. Pension formula are as under:

    Pension = Service length in year X Pay X 7 / 300

    Commutation = 35 percent of total Pension x Rs. 148 (if the age is 60 years, otherwise Rs. 9 may be plused on every below years i.e if age is 59 years than commutation rate is made Rs. 148 + 9 = 157)

    Net Pension is = Total pension in the light of above formula – 35 percent.

    So if an employee having pay Rs. 15030, the pension is made:
    15030 x 20 x 7/300 = Rs. 7014
    Commutation( if age is 50 yrs) = (7014 x 35/100) = 2454.9 x 238 = Rs. 5,84,266 approximately.
    Net Pension = 7014 – 2454 = 4560 + 20 % increase in pension in 2008 + 15 % increased in 2009 & 8 % increase in 2010 = Rs. 6796

    Therefore the total monthly Pension made Rs. 6796 and commutation made Rs. 5,84,266 approximately.


  6. MR, AKRAM SAHIB
    DONT THINK FOR PENSION ON 20 YEARS OR 25 YEARS .
    THIS IS MY SUGGESTION SPECIALLY FOR YOU


  7. If a employee have 15030 basic pay then what pension & grauaty he get with 20 years service. If any one have a formula for pension, graduty & commutation please share.

    Thanks.

  8. Tahir Baig says:

    Asslam-o-Alikum
    Brothers Please please do not avail this froud VSS ,I Think ptcl will be announced a lumsum package such as GSH or CSS if attractive then 95% reguler empolyee availed but i dont known why such a great multinational company is using such raw methods.If PTCL Should Annouce an attrative scheem it is better for emplyees and company itself. It whould be better for both.PTCL Workers will get relief and Company will get free to run work in new rules and 3G style.


  9. WHY SUCH A GREAT COMPANY IS USING SUCH RAW METHODS. PTCL SHOULD ANNOUNCE CSS SCHEME IN FAVOUR OF EMPLOYEES AND COMPANY ITSELF. IT WOULD BE BETTER FOR BOTH . PTCL EMPLOYEES WILL GET A RELIEF AND COMPANY WILL GET FREE TO RUN WORK IN NEW STYLE.


  10. please all ptcl BPS employes wait very come soon good css scheme launched ,wait ,wait,wait a few days INSHA ALLAH

  11. Bahri Karam says:

    Ultimately the management has shown their intentions against the regular employees to get rid of their employees at any cost. The management merely saying that the employees are our assets and we don’t want to miss them but it is not the fact and they hidden some explosive material which might be blast very soon. This is the time to get together and fight collectively in order to save our services and get our fundamental rights otherwise there is no one to help us except almighty Allah.

  12. well wisher says:

    Asslam-O-Alaikum,

    All workers must be careful and think thousand time before to take decision as all are well known about the management polices which is filling the wallet of pocket union in shape of Hajj Balloting list, Q’Loans and others.
    Pray to Allah that give some sense of our Union leaders whom are pulling the legs of poor workers.

  13. Khursheed Ahmad Awan says:

    Asslam-O-Alaikum,
    Dear Brother’s dont opt for this retirement scheme. It is sweet tablet for employees. Don’t get this scheme whenever our statis didn’t diclared. We all have seen that management didn’t increase the salaries and pension of PTCL employees. Please wait for a vss in which an handsum ammount will be given to the employees.

    Thank You.


  14. NOT AN ATRACTIVE, EMPLOYEES WAITING VSS


  15. AOA
    GOVT OF PAKISTAN FRAUD WITH PTCL PENSIONERS AND COMMEETTED WITH PTCL SO GOVT OF PAKISTAN IS SCILENT.
    SUCHOO AOUR 100 DAFAA SUCHOO PTCL WALO 20 AOUR 25 SAAL PER MATH JAOO, PTCL WALE FRAUD KAR REHE HYE, PHER HAMERE TARAH ROOTHEE RAHOO GHEE AOUR KOI NAHE SUNEEGAA.

    KOI BE PENSION 60 SAAL SEE PHELE NA LEE MERA MASHAWARA HYE BAQI KAAM AAP LOOGHEE KA…….ALLAH HAFIZ


  16. ptcl workeres wait attractive vss who is best for workeres?????


  17. it is not attractive ptcl do some more for attractive like lam sum vss

  18. Iftikhar Ahmad says:

    Fazli Ali is correct. Existing pensioners are experiencing worst treatment by not increasing their pensions.

    All the coleages/brothers should inform PTCL as well as other organizations which are planning to convert their department in to
    PTCL like organizations.

  19. FAZLI ALI says:

    ASSALAMUALIKUM PTCL BROTHERS
    DONT GO ON PENSION ON 20 YEARS OR ALSO ON 25 YEARS .I DONT KNOW POLICY OF PTCL FOR TOMMRROW WHAT THEY CAN DO WITH RETIRED PENSIONERS .
    ONCE AGAIN I SUGGEST TO ALL DONT GET PENSION ON 20 OR 25 YEARS .
    THANKS

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