Thursday, Jan 27, 2022
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Punjab To Pay Revised Pension Worth Rs 1887 Cr To 3 Lakh Pensioners

Punjab chief minister has directed that the revised pension with effect from July 1, 2021 be released to the pensioners in one go.

Punjab To Pay Revised Pension Worth Rs 1887 Cr To 3 Lakh Pensioners
Punjab CM Charanjit Singh Channi -

Despite the crisis in the party and the state exchequer, the Congress-led new government of Punjab is in a festive mode. The Punjab Chief Minister Charanjit Singh Channi on Tuesday directed the Finance Department to pay the revised pension with effect from July 1, 2021 to over 3 lakh pensioners involving an additional expenditure of Rs. 1887 crore during the current fiscal year in line with the recommendations of the 6th Punjab Pay Commission.

According to a spokesperson of the Chief Minister’s Office, Channi cleared the file to this effect this morning. Likewise, he also gave nod to pay retiral benefits including leave encashment and gratuity--around Rs. 915 crore-- to be paid to approximately 42,600 pensioners who have retired between January 1, 2016 and June 30, 2021 as per 6th Punjab Pay Commission in one go instead of the earlier decision to pay in installments.

The spokesperson said that this decision will have an impact of around Rs.2802 crore on the state exchequer during this fiscal year.

Further, the CM also directed that such revised pension with effect from July 1, 2021 be released to the pensioners in one go. 

Despite the crisis in the party and the state exchequer, the Congress-led new government of Punjab is in a festive mode. The Punjab Chief Minister Charanjit Singh Channi on Tuesday directed the Finance Department to pay the revised pension with effect from July 1, 2021 to over 3 lakh pensioners involving an additional expenditure of Rs. 1887 crore during the current fiscal year in line with the recommendations of the 6th Punjab Pay Commission. 

According to a spokesperson of the Chief Minister’s Office, Channi cleared the file to this effect this morning. Likewise, he also gave nod to pay retiral benefits including leave encashment and gratuity--around Rs. 915 crore to be paid to approximately 42,600 pensioners who have retired between January 1, 2016 and June 30, 2021 as per 6th Punjab Pay Commission-- in one go instead of the earlier decision to pay in installments. 

The spokesperson said that this decision will have an impact of around Rs.2802 crore on the state exchequer during this fiscal year. 

Further, the CM also directed that such revised pension with effect from July 1, 2021 be released to the pensioners in one go. 

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