10% increase in pension in Punjab
The Punjab Finance Department has issued a notification of 10% increase in net pension for all civil pensioners. According to the notice, the Punjab government has increased the pension from April 1, 2022. Below, we have listed all the categories on which a 10% pension increase is acceptable.
- The pension increase will be acceptable to those who retired on / after 01 April 2022.
- This increase will also be applicable for Family Pension, Labeled Pension Rules, 1977, and Empathy Allowances under the Pension-cum-Gratuity Scheme 1954.
- Approved pension increments will be acceptable for Punjab Civil Pensioners who are living abroad besides India and Bangladesh. They will receive payments at the applicable exchange rates.
The term NET pension (mentioned above) means “pension is being withdrawn” minus “medical allowances”.
According to the notification, a 10% increase in pension on special additional pension in lieu of pre-retirement orderly allowance will not be acceptable.
Below we have attached Punjab’s official notification regarding 10% increase in net pension.