Here we are sharing the pension increase notification 2022 Punjab government with our readers. Finance Secretary Iftikhar Amjad has issued a pension increase 2022 notification. This latest finance division notification was issued vide NO.FD.SR-III-4-160/2021 Government of the Punjab Finance Department dated 1st July 2022. Moreover, the Government of Pakistan has also revised the pay scale for 2022.
Grant of Increase in Pension@ 10%
Here is the latest update regarding the grant of increase in pension @ 10% to civil pensioners of The government of Punjab.
I am directed to state that the Governor of Punjab has been pleased to sanction an increase of @10% of net pension with effect from 1 April 2022 until further orders to all civil pensioners of the Government of Punjab.
The 10% increase in pension as mentioned in Para-1 above will also be admissible to the pensioners who would retire on or after 01.04.2022.
For the purpose of admissibility of increase in pension sanctioned in this circular letter, the term “Net Pension” means “pension being drawn” minus “Medical Allowance”.
The increase will also be admissible on a family pension granted under the Pension-cum-Gratuity Scheme, 1954, Liberalized Pension Rules, 1977, on pension sanctioned under the Punjab Civil Services Pension Rules as well as on the Compassionate Allowance.
Punjab pension increase notification 2022
If the gross pension sanctioned by the Government of Punjab is shared with any Government in accordance with the rules laid down in Part-IV of Appendix III to the Accounts Code, Volume-1, the amount of the increase in pension will be apportioned between the Government of Punjab and the other Government concerned on a proportionate basis.
Read More:- Increase in the Pension Federal 2022
The increase in pension sanctioned in this circular letter will not be admissible on Special Additional Pension allowed in lieu of pre-retirement Orderly Allowance.
The benefit of an increase in pension sanctioned in this circular letter will also be admissible to those civil pensioners of the Punjab Government who are residing abroad (other than those residing in India and Bangladesh) who retired on or after 15.08.1947 and are not entitled to or are not in receipt of pension increase under the British Government’s Pension (Increase) Acts. The payment will be made at the applicable rate of exchange.