The Punjab Government has decided to accept a majority of the recommendations of the state 6th Pay Commission. The recommendations will be implemented retrospectively effect from January 1, 2016.
Once implemented, the basic salaries and pensions will see an increase by a factor of 2.59. The annual increment rate will be 3%. With the revision, the minimum pay of the Punjab state government employee will increase from the current Rs.6,950 per month to Rs.18,000 per month.
The minimum pension will go up from Rs.3,500 to Rs.9,000 per month. The Family Pension would increase to Rs. 9,000 per month. The arrear for the year 2016 shall be paid in two equal instalments in October 2021 and January 2022. The employees have already been getting 5% interim enhancement since 2017.
The Government has also accepted the restoration of Commutation of Pension to 40% w.e.f. July 1, 2021. Death-cum-Retirement Gratuity (DCRG) has been enhanced from Rs.10 lakh to Rs.20 lakh and the existing rates of Ex-Gratia Grant have been doubled. Both the DCRG and Ex Gratia have been extended to employees covered under New Pension Scheme.
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