Prime Minister Shahbaz Sharif declared after taking the oath of office that the administration will increase federal government pensioners’ pensions by 10% and raise the minimum wage to Rs.25, 000 with effect from April 1, 2022.
On Thursday, the Finance Ministry issued an Office Memorandum stating that until further orders, all civil pensioners of the federal government, including civilians paid from defence estimates, retired armed forces personnel, and civil armed forces personnel, will be eligible for an increase in pension.
The increase will also apply to a family pension awarded under the pension-cum-gratuity Scheme of 1954, the liberalized pension regulations of 1977, and pensions sanctioned under the central civil services (exceptional pension) guidelines, as well as compassionate allowance.
According to the Office Memorandum, if the federal government’s gross pension is shared with any government in accordance with the rules laid out in Part-IV of Appendix-III to the Accounts Code Volume-I, the amount of the increase in pension will be apportioned proportionately between the federal government and the other government concerned.
A unique supplementary pension allowed in lieu of pre-retirement orderly allowance and monetized value of a driver or an orderly will not be eligible for the increase in pension.
The benefit of a pension increase sanctioned in this office memorandum will also be available to civil pensioners of the federal government who are residing abroad (other than India and Bangladesh) and who retired on or after 15-08-1947 and are not entitled to, or receiving, a pension increase under the British government’s Pension (Increase) Acts.
The payment will be paid at the current currency rate, according to the statement.
To read our blog on “Shahbaz Sharif, newly elected PM, has announced a large relief package,” click here.
