Govt executes agreements with pension fund managers

• 16 companies to establish separate pension funds, ensure death and disability risk cover for employees• Centre to establish non-banking finance company to assist in implementation, monitoring of pension scheme ISLAMABAD: The government has executed agreements with 16 pension fund managers to formally operationalise the Defined Contribution Pension Fund Scheme (DCPFS) launched a year ago for public sector employees as part of major pension reforms aimed at containing the snowballing pension bur...