Government of the Punjab Finance Department has issued Notification No. FD-SR-III/4-41/2008 dated 22nd July 2014 in connection with Restoration of Commuted Portion of Pension.
In compliance of detailed judgment of the Honourable Supreme Court of Pakistan dated 31st March 2014 in this case, para 16 (e) of this department’s letter No. FD.PC.2-1/2001 dated 22-10-2001 is hereby omitted and shall be deemed to have been so omitted ab anitio.
It is further directed to say that, for purpose of clarity, that, with omission of para 16 (e) of this department’s O.M mentioned above, pensioners would be entitled to the benefit of restoration of commuted portion of pension in lieu of pension/gratuity in accordance with the applicable rules.
Special Thanks to Mr. Hamid Ullah for sending the copy of the Notification of Restoration of Commuted Portion of Pension.
What is para 16(e) of the Notification dated 22-10-2001?
The para 16(e) of the Federal Govt Notification & Punjab Govt Notification is the same. You can see the same para from the Notification of Revised Pay Scales 2001. After reading the same you can see the clarification.
Summary of the Notification (By Mr. Amir Agha)
According to the Oct 2001 orders, pensioners retiring under payscale-cum-pension scheme were no longer entitled to get their commuted part of pension restored.
Now that provision has been cancelled from the very beginning.
So the pensioners who retired or will retire 1.12.2001 onward, would have the right to get their commuted part of pension restored on expiry of the number of years for which pension was commuted.