In addition to the $42.7 million that will have to be appropriated in the budget to cover those costs, PERAC
estimates that another $20.4 million will have to be transferred from the city's pension reserve fund to its pension fund to cover those costs.
The State Cement Corporation of Pakistan (SCCP) had the highest growth rate followed by the State Petroleum Refining and Petrochemical Corporation (PERAC
) the Federal Chemical and Ceramics Corporation (FCCCL) and the State Engineering Corporation (SEC).
Connarton, director for PERAC
, said the decision in Athol had nothing to do with the fiscal health of its pension system.
The state Public Employees Retirement Administration Commission still must sign off that the city board's paperwork is in order and that it followed the proper procedure in granting the disability retirement to Officer Rojas, said PERAC
general counsel Barbara Phillips.
Besides being approved by PERAC
, the plan must also be approved by the City Council.
They further said that PERAC
, had sought a budgetary allocation of Rs.500 million for the project for the year ending June 2001.
According to data furnished by the Public Employee Retirement Administration Commission (PERAC
), PRIT had investment returns of -29.50 percent in 2008 and 17.86 percent in 2009, versus -27.28 percent in 2008 and 20.23 percent in 2009, for WRS.
The Iran-Pak Refinery Project, Pakistan's largest refining complex envisaged in a joint venture between the State Petroleum and Petro-Chemical Refinery Corporation (PERAC
) and the National Iranian Oil Company (NIOC), has been finally put priority development project list and allocated Rs.250 million in the current budgetary year.
The Clinton Contributory Retirement Board was the most successful municipal retirement board in the entire state according to the state's Public Employment Retirement Administration (PERAC
The refinery would be located near the border with Iran in Baluchistan and would be a 50:50 partnership between Pakistan's Petroleum Refining and Petrochemical Corporation (PERAC
) and the National Iranian Oil Company (NIOC).
last week notified the city retirement board that Mr.
The company was previously under the State Petroleum Refining and Petro-chemical Corporation (PERAC