Pension Increase 2017 – 01.07.2017
OFFICE MEMORANDUM
Subject: Pension Increase 2017
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, 2017 until further orders to all civil pensioners of Government of the Punjab.
The 15% increase in pension as allowed vide Para 1 of this Department’s circular letter No. FD.SR-III-1-105/2010(A) dated 15.07.2010, shall be discontinued for those who would retire on or after 01.07.2017.
However, 15% increase in pension as allowed vide Para 12(i) of this Department’s Circular letter No. FD.PC-2-1/2011, dated 11.07.2011, 7.5% increase in pension as allowed 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-7-18/2016 dated 29.07.2016 shall be admissible to the new pensioners who would retire on or after 01.07.2017.
The 10% increase in pension as mentioned vide Para 1 above will also be admissible to the pensioners who would retire on or after 01.07.2017.
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 family pension granted under The Punjab Civil Services Pension Rules, Pension-cum-Gratuity Scheme 1954, Liberalized Pension Rules 1977, on pension sanctioned under the Central Civil Service (Extra Ordinary Pension) Rules as well as on the Compassionate Allowance.
If the gross pension sanctioned by Government of the Punjab is shared with any Government in accordance with the rules laid down in part-IV of Appendix-III to the Accounts Code, Volume-I, the amount of the increase in pension will be apportioned between the Government of Punjab and the other Government concerned on proportionate basis.
