Government of the Punjab, Finance Department has issued Notification on 18-07-2018 in connection with of Increase Pension 2018 Punjab Government. Summary is as under:
I am directed to state that the Governor of the Punjab has been pleased to sanction an increase @ 10% of net pension with effect from 01st July, 2018 until further order to all civil pensioners of Government of the Punjab.
- The 15% increase in pension as allowed vide Para 12(i0 of this Department`s circular letter No. FD-PC-2-1-2011, dated 11-07-2011, 7.5% increase in pension allowed as vide Para 1 of this Department`s circular letter No.FD.SR.III-4-259-2015(A), dated 23-07-2015 and 10% increase in pension as allowed vide Para 1 of this Department`s circular letter No. FD.SR.III-4-178-2016, dated 18-07-2016 shall be admissible to the new pensioners who would retire on or after 01.07.2018.
Special thanks to Mr. Zahid Khan and Mr. Naseer Hussain for sending the copy of the Notification of Increase Pension 2018 Punjab Government.
Inrease in Pension @ 10% w.e.f. 01-07-2017 as allowed vide para 1 of notification No.FD.SE-III-4-170/2017 dated 14-07-2017 has not been included in this notification.
Where the above said Increase in Pension @ 10% will continue to b admissible to those pensioners who would retire on or after 01.07.2018 or otherwise.