Federal Employees Pension Increase 2024: Government of Pakistan, Finance Division issued a Memorandum No. F.4(1)-Reg.6/2023 on 10-07-2024 in connection with increase of Pension Federal Govt employees 2024. The Pensions of Federal Government of Pakistan will get the increase @ 15% with effect from 1st July 2024 untill further orders.
The detail of the notification issued by the Federal Government is given below.
Subject: Grant of increase in Pension to Pensioners of the Federal Government
The President has been pleased to sanction an increase @ 15% of net pension with effect from 1st July, 2024 until further orders to all Civil Pensioners of the Federal Government including Civilians paid from Defense Estimates as well as retired Armed Forces Personnel and Civil Armed Forces Personnel.
2. The increase in pension @ 15% as mentioned at para-1 above will also be admissible to the pensioners who would retire on or after 01.07.2024.
3. For the purpose of admissibility of increase in pension sanctioned in this C.M. the term “Net Pension” means “Pension being drawn” minus “Medical Allowance”.
4. The increase will also be admissible on family pension granted under the Pension-cum-Gratuity Scheme, 1954, Liberalized 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.
5. If the gross pension sanctioned by the Federal Government is shared with any Government in accordance with the rules laid down in Part-IV of Append x-lll to the Accounts Code, Volume-I, the amount of the increase in pension will be apportioned between the Federal Government and the other Government concerned on proportionate basis.
6. The increase in pension sanctioned in this O.M. will not be admissible on Special Additional Pension allowed in lieu of pre-retirement Orderly Allowance and monetized value of a driver or an orderly.
Federal Employees Pension Increase 2024
Government of Pakistan, Federal employees Pension Increase 2024 notification if given below
