Posted inPension Updates Retirement LPR
Posted inPension Updates
Decrease/Increase in Pension and Commute with Age, Basic Pay and Service
I shall explain in detail the Decrease/Increase in Pension and Commute with Age, Basic Pay and Service after the revision of Basic Pay Scales 2022 for Federal and Provincial Govt employees. You can easily find the amount of pension, gratuity, or commute with the factors of age, length of service, and basic pay.
Posted inPension Updates Retirement LPR
What is the Right Time to get Retirement from Government Service?
This is the important question that most employees ask about the right time to get retirement from Government service. If the employees retire from service on superannuation or completion of sixty years of age, then this question does not matter. However, if an employee gets premature retirement, then this question is of great importance. Here we shall discuss whether the employee has to get retirement in January to June or July to August of a particular year. Is it beneficial to get retirement after 25 years of service or 30 years of service or even 60 years of age?
Posted inIncrements Pay and Allowances Pension Updates
Grant of Usual Increment in the Year of Retirement (Promotion Case)
Government of Pakistan, Finance Division issued a Notification on 20-09-2022 in connection with the Grant of Usual Increment in the Year of Retirement for Promotion Cases. Before this, if an employee due the Usual Increment was, the Accounts Offices did not grant this increment due to the reason that the said employee was promoted during that year and the employee had not completed 6 months of service after promotion. But now the Finance Division has allowed this Usual Increment for such cases.