Abolishment of Multiple Pensions for State Officials with New Regulation
February 13, 2025
The Ministry of Finance has submitted bills to Parliament that abolish multiple pensions for state officials. Instead of pensions, new officials will receive a gratuity based on 3% of their monthly salary. The gratuity calculation will vary depending on the category of the official, and the lump sum will be taxed at 15%. This regulation will only apply to new state officials.