Government of Pakistan, Finance Division (Regulation Wing) issued a Notification on 05-07-2023 in connection with the Increase in Pension 2023 Federal Pensioners. Federal Government enhanced the pension @ 17.5% of net pension with effect from 1st July 2023. The details are as under:
Pension Updates
You can get help regarding Pension Updates, Pension Calculator, Increase in Pension, Family Pension, Restoration of Commuted Portion of Pension for the Federal Government Pensioners as well as for the Provincial Govt pensioners.
New Pension Reforms 2023 as per Closing Budget Speech
I am sharing here the details of New Pension Reforms 2023 as per Closing Budget Speech. The Federal Finance Minister Ishaq Dar in his closing budget speech stated that the Government is introducing new Pension Reforms. In the present economic conditions of Pakistan, pension expenditure has become unsustainable. Due to the unsustainability of the expenditure of pensions, the Federal Finance Minister introduces some pension reforms in order to make them sustainable. Here are more details:
Revised / Amendments in Punjab Civil Services Pension Rules 2023
Government of the Punjab, Finance Department issued a Notification on 19-06-2023 in connection with Amendments in Punjab Civil Services Pension Rules 2023. These new rules of pension in Punjab are related to anticipatory monthly pension @ 65% of Basic Pay as per LPC. The details are as under:
Clarification of Fake News of Pension and Gratuity on Initial Basic Pay
There are a number of Fake News of Pension on Initial Basic Pay. There is no reality that the employees in the future will get a pension in initial or starting basic pay. The Federal or Punjab Government did not issue any such Notification. Only Punjab Government issued the Notification of Leave Encashment only on the basis of Initial basic pay of a particular basic pay scale.
Notification New Simplified Pension Processing Procedure 2023
Directorate of Public Instructions (SE) Punjab issued a Notification on 29-03-2023 in connection with Notification New Simplified Pension Processing Procedure 2023 and disbursement of pension through pension roll. This new and simple method of pension payment and pension documents (Papers) procedure will be very useful for pensioners. The details are as under:
Disbursement of Pay and Allowance in Advance April 2023 Punjab
Government of Punjab, Finance Department issued a Notification on 07-04-2023 in connection with the Disbursement of Pay and Allowance in Advance April 2023 Punjab. The Pensioners of Punjab will also get the advance pension for the month of April 2023 due to Eid-ul-Fitr 2023. Punjab Government will disburse the salary of April 2023 on 17-04-2023. The details are as under:
Online E-Pension System School Education Department Punjab
isOnline E-Pension System for School Education Department Punjab has been started by SEd. The employees/pensioners will have to no more visit the accounts/pension offices for the pension documents. They will submit all data online through SEDHR. The details are as under: