Federal govt notifies 10pc raise in pension
- By Web Desk -
- Jul 08, 2021
ISLAMABAD: The federal government has announced a 10 percent increase in the pensions of retired federal government employees, ARY News reported.
Finance Ministry issued notification after getting approval from President Arif Alvi.
According to a notification, the federal government employees will get a 10 percent increase in pension from July 1.
Finance Minister Shaukat Tarin had made the announcement of an increase in pensions while unveiling the federal budget 2021-22 in the National Assembly (NA) on June 11.
During his budget speech, Shaukat Tarin had announced a 10 percent increase in salaries of government employees.
Read More: RETIRED GOVT EMPLOYEES TO GET 10 PER CENT PENSION RAISE
The finance minister added that the special allowance for the Grade 1 to 5 employees was also being increased from Rs450 to Rs900 besides fixing the minimum monthly wage up to Rs20,000.