Pension on running basic Pay of Government employees. Government revised and amend his last notification issued on June 1,2023. According to this amendment , the Punjab Government employee drawn their pension on running basic drawn on last month pay with the old 65 : 35 formula for Pension and Graduity.
Finance Department implemented the new Pension revised rules on June 18, 2023. In this version of Amendment in Punjab Civil Service Pension rules, implemented immediately Payment of 65% pension to employees after their retirement. This payment will continue until the process of completion of his / her documents of Pension.
Amendment in the Punjab Civil Servant Services Pension Rules, for 6.1, the following shall be submitted.
“When a Government Servant is likely to retire before his pension can be finally assessed and sanctioned in accordance with the rules, Accounts Offices are authorized to make anticipatory monthly pension @65% of basic Pay as per his last pay drawn and having length of qualifying service available as per accounts offices” record, for a period of one year.
Note 1 :
After expiry of stipulated period of one year, anticipatory pension allowed to such a retiree shall be discontinued.
Note 2 :
The pension sanction authority shall be responsible to complete the pension papers such retiree within a period of six months from the date of retirement.”
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