20 percent rise in pension on the cards

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With the federal government’s announcement of 20 percent raise in the pension of its retired employees, the Sindh government is likely to follow suit and also increase the pension of all officers working under its domain, Pakistan Today has learnt.
Reliable sources told Pakistan Today that despite the Sindh government facing severe financial constraints, the pension of retired employees under all grades is expected to go up by around 20 percent.
The announcement in this regard would likely be made by Chief Minister Syed Qaim Ali Shah during the budget session of the Sindh Assembly – scheduled for June 10.
However, only the Sindh government employees who had retired on or before June 30, 2000 would have their pensions jacked up by 20 percent. Those who retired after June 30, 2002 are likely to get a raise in pension of at least 15 percent. Moreover, at least 15 percent increase in pension is also expected for the employees, who would retire on or after July 1, 2011.
The Sindh government workers who retired on or after July 1, 2010 would also be entitled for increase in pension by 10 to 15 percent for the purpose of admissibility of increase in pension sanctioned.
The increase will also be admissible on family pensions granted under the Pension-cum-Gratuity Scheme, 1954; Liberalised Pension Rules, 1977; on pension sanctioned under the Central Civil Services (Extra Ordinary Pension) Rules; as well as on the Compassionate Allowance under CSR-353.
The increase in pension sanctioned, however, will not be admissible on Special Additional Pension allowed in lieu of pre-retirement Orderly Allowance. Similarly, the increase pension allowed by the government during the employees’ re-employment shall not be admissible during the period of their re-employment but will be allowed after the termination of their re-employment contract.
The increase in pension, admissible to the pensioners of the provincial government before their re-employment on contract basis, will continue provided that the employees are not in receipt of any increases allowed, as allowances with their pay in lieu of increases in pension.
The benefit of increase in pension sanctioned will also be admissible to those civil pensioners of the provincial government residing abroad (except India and Bangladesh), who retired on or after August 15, 1947 and are not entitled to, or are not in receipt of, pension increased under the British Government’s pension (increase) acts.

1 COMMENT

  1. govt should have to arrange the pension cards in Pakistan.i think through this people will get more relief rather than they have to stand in the lines. BOD of NBP should have to focus on this project.
    thanks.
    regards
    Awais Raza Malik.
    im|Sciences.
    peshawar.

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