LAHORE: The Punjab Finance Department has abolished the annual increase in three types of pensions, a move that is being described as a major setback for government employees.
As per the details, the decision to abolish the pension increase will be applicable to government employees retiring from December 3 today.
Secretary Finance Mujahid Sherdil has sent a circular to all administrative secretaries and heads of departments.
Under paragraph one of the circular issued by the Finance Department in 2015, the pension increase has been abolished and similarly, the increase under paragraph two of the circular issued in 2011 has also been stopped.
Furthermore, under paragraph one of the letter issued by the Finance Department in 2022, the pension increase has also been stopped.
The Finance Secretary directed that all departments and institutions should implement this directive from December 2.
