BUDGET

Pension Increase Notification 2022 | Federal Budget 2022-23

Pension Increase Notification 2022 Federal Budget 2022-23.

Recently, Government of Pakistan, Finance Division 2022, issued an Office Memorandum dated: July 1st 2022. Notification issued regarding Increase in Pension in Federal Budget 2022-23.

Notification says, the pensioners will get an increase in Pension @15% with effect from July 1st 2022. The detail of which is as under:

Pension Increase Notification 2022

Sr. NoPension IncreaseRate of pension
1Increase in Pension with effect from 1st April 2022 @ 10%
2Increase in Pension with effect from 1st July 2022@ 05% 
3Total Increase in Pension wef 1st July 202215% of net pension minus Medical Increase
  • Means, pensioners will take a pension increase @ 15% including Pension Increase in April 2022.
  • Furthermore, the employee who will retire on or after 1st July 2022 will also get this increase in pension.

Who Will Receive Increase in Pension?

Previous Increases in Pension Cease to Exit

Moreover, the following previous increase in pension will cease to exist for the pensioners who will retire on or after 1st July 2022:

  • 2016 Pension Increase: 10% Increase in Pension with effect from 1st July 2016
  • 2017 Pension Increase: 10% Increase in Pension with effect from 1st July 2017
  • 2018 Pension Increase: 10% Increase in Pension with effect from 1st July 2018
  • 2019 Pension Increase: 10% Increase in Pension with effect from 1st July 2019
  • 2021 Pension Increase: 10% Increase in Pension with effect from 1st July 2021

It should be noted, that the above increases in pension during various previous years ceased to exist due to the inclusion of Adhoc Relief Allowances of these years into basic pay.

Notification Increase in Pension 2022 Federal

Federal Budget 2022-2023 | Government of Pakistan Finance Division |

Pension Increase Notification 2022 Federal Budget 2022-23 |

Pension Increase Notification 2022 | Revised Pension Increase |

Federal Government Notification Today |

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