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Notification Regarding Increase in 10 percent Pension 2017 to Pensioners by Federal Government

Notification F. No. 4(1)-Reg.06/2017-831 is issued by Government of Pakistan Finance Division Regulations wing dated 03-07-2017 regarding Grant of increase in Pension to Pensioners of federal Government.

Notification Regarding Increase in 10 percent Pension 2017 to Pensioners by Federal Government

This is an office memorandum after budget speech 2017. It is also a notification increase pension 2017
Subject: Grant of increase in Pension to Pensioners of federal Government.
The president has been pleased to sanction the increase @10% of net pension 2017 with effect from 01-07-2017 until further order 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.
  1. The 15% increase in pension as allowed vide para-1(ii) Finance Divisions O.M. No. 4(1)-Reg.06/2010-721 dated 05-07-2010 shall be discontinued for those who would retire on or after 01-07-2017.
  2. However 15% increase in pension as allowed vide para12(i) of the Finance Divisions O.M. No. F. 1(5)-imp/2011-419 dated 04-07-2011 and 7.5% increase in pension as allowed vide para-1 of the Finance Divisions O.M. No. 4(1)-Reg.06/2015-697 dated 07-07-2015 and 10% increase in pension as allowed vide para-1 of the Finance Divisions O.M. No. 4(1)-Reg.06/2016-870 dated 01-07-2016 shall be admissible to new pensioners who would retire on or after 01-07-2017.
  3. 10% increase in pension as mentioned above will also admissible to the pensioners who would retire on or after 01-07-2017..
What is Net Pension Formula:
For the purpose of admissibility of increase in pension sanctioned in this O.M. the term NET PENSION means "pension being drawn" minus "Medical Allowance".
Pension-cum-Gratuity:
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 compassionate allowance under CSR-353.
Pension will be apportioned:
If the gross pension sanctioned by the federal government is shared with any government in accordance with rules laid down in part IV- of appendix-III to the accounts code, volume-I , the amount of increase in pension will be apportioned between the federal government and other government concerned on proportionate basis.
Special Additional Pension:
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.
The benefit of increase in pension sanctioned in this O.M will also be admissible to those civil pensioners of the federal government who are residing abroad (other than those residing in India and Bangladesh) who retied on or after 15.08.1947 and or not entitled, to or are not in receipt of pension under the british government pension (increase) acts. The payment will be made at the applicable rate of exchange.


Notification-Regarding-Increase-in-10-percent-Pension-2017-to-Pensioners-by-Federal-Government
Notification-Regarding-Increase-in-10-percent-Pension-2017-to-Pensioners-by-Federal-Government
Notification Regarding Increase in 10 percent Pension 2017 to Pensioners by Federal Government Notification Regarding Increase in 10 percent Pension 2017 to Pensioners by Federal Government Reviewed by Muhammad Idrees on 12:01:00 PM Rating: 5

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