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Finance ministry hiring actuarial services to assess retirement schemes National January 12, 2021 ISLAMABAD: The Ministry of Finance has decided to hire actuarial services from qualified actuarial firms to assess and determine the Retirement Benefit Schemes liabilities of the federal government as on June 30th 2020. The federal government has a Defined Benefit (DB) Pension Scheme for all its civil servants. It also has a contributory provident fund scheme besides a post-retirement medical benefits. The scope of work for hired consultant firms include reports for pension, general provident fund and medical schemes of the federal government for both civil and military service for all forms of pension systems applicable whether Contributory Pension Funds or gratuities paid to contract employees. Scope of work also includes policy options for a new Defined Contribution Pension Scheme for the newly hired in the government. The Federal Government employs some 1.36 mill ....
Been considered by the congress this year. today, president obama said this. when i see people trying to undo that hard won progress for the 50th or 60th time, with bills that would raise costs or reduce coverage, or roll back protections for older americans or people with pre-existing conditions, the cancer survivor, the expecting mom or the child with autism, or asthma, for whom coverage once again would be almost unattainable, it is aggravating. and all of this being done without any economic or actuarial, plain common sense rationale, it frustrates. we are awaiting president obama s tweeted response to that. joining us now is howard dean, medical doctor, former chairman of the democratic national committee and a msnbc political analyst. also, jennifer robner at kaiser ....
Well there. brought down premiums. actually increased the number of people insured. we believe that s what we re going to have with this. we believe when it s implemented it will be a federal program for three years and then the states will be able to take it over. we re going to see premiums coming down. i think perhaps by next year. i tell people we believe we can bring down premiums quickly. that s actuarial. i m very encouraged with the work of the committee. they have been helpful and cooperative in the process. the we ve had input from a number of members. including congressman who has been helpful on this. he understands it extremely well. helped build a consensus around it. i would like for congressman to come up and speak to the issue as well. ....
So it s complicated, it s meaty but that s what it looks like. one of the big questions continues to be can aealth care system remainsustainable, remain solvent perhaps even if there is no penalty? if there s not a requirement to carry insurance? president obama didn t want the penalty or the mandate, mitt romney didn t want the penalty or mandate. this is not philosophical. it s mathematical. it s actuarial. you cannot insure people who are high risk without forcing people who are low risk to be in that insurance. anyone who lives in coastal america and has to buy a wind or a flood policy knows how this works. think about this as a wind or flood policy. this is very hard to sustain it without forcing people to be in it. ali velshi our numbers guy, always good to have you. my pleasure. republicans divided. now that we know the details of their plan to replace obamacare will gop leaders get the party united behind it? and can they sell it to the american people? we are still w ....