Government Of Khyber Pakhtunkhwa Announces 15% Pension Increase for All Retirees Effective July 2024-Notification

GOVERNMENT OF KHYBER PAKHTUNKHWA
FINANCE DEPARTMENT
(REGULATION WING)

Peshawar, Dated the 23^rd July, 2024

NOTIFICATION

No.FDSO(SR-II)/2-4/2024/Pension: The Provincial Government has been pleased to sanction an increase @ 15% of net pension with effect from 1^st July, 2024 and until further orders to all the Pensioners of the Government of Khyber Pakhtunkhwa.

2.                 This 15% increase in pension as mentioned at para-1 above will also be admissible to the Pensioners who would retire on or after 01.07.2024.

3.                 For the purpose of admissibility of Increase in pension sanctioned in this notification the term “Net Pension” means ^“Pension being drawn” minus “Medical Allowance”.

4.                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 Provincial Civil Servants Pension Rules (Extra Ordinary Pension) as well as the Compassionate Allowance.

5.                  If the gross pension sanctioned by the Provincial Government is shared with any other Government in accordance with the rules laid down in part-iv of Appendix-III the Accounts Code, Volume-I, the amount of the increase in pension will be apportioned between the Government of Khyber Pakhtunkhwa and the other Government concerned, on proportionate basis.

6                      The increase in pension sanctioned in this notification will not be admissible on special additional pension allowed in lieu of pre-retirement orderly allowance.

7.                     The benefit of increase in pension sanctioned vide this notification will also be admissible to those Pensioners of Government of Khyber Pakhtunkhwa, who are residing abroad (other than residing in India and Bangladesh) who retired on or after 15.08.1947 and are not entitled to, or not in receipt of pension increase under the British Government’s Pension (increase) Acts. The payment will be paid at the applicable rate of exchange.

SECRETARY TO GOVT: OF KHYBER PAKHTUNKHWA
FINANCE DEPARTMENT