Major Salary And Pension Boost Announced For Government Employees
The new fiscal budget has brought many big announcements and relief salary hikes for workers of all grades as well as an increase in their allowances for government employees and retired employees.
Major Increase in Salaries, Pension Of Govt Employees
As stated in the newly released Budget 2024–25, the government notified employees on Wednesday of an increase in salary and pensions. The letter from the Finance Division states that ad-hoc relief allowance for government employees up to grade 16 would be increased by 25%. There has been a 20% rise in the allowance for officials in grades 17 through 22.
A salary and pension increase has been announced by the government to employees, as stated in the newly released Budget 2024–25. According to a letter from the Finance Division, ad hoc relief allowances for government employees up to grade 16 will be increased by 25%, while allowances for officials in grades 17 through 22 have been increased by 20%.
| Govt Employees Grade | Percent Increase |
| Up to 16 | 25% |
| 17 to 22 | 20% |
A 15% pension hike for federal employees has been confirmed in Budget 2024.
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Finance Division Notification: Important Message
The Finance Division announced in a notification that the program applies to all federal employees, including armed forces personnel, civilian armed forces, and federal employees, as well as civilians who receive defense estimates, contingent employees, and contract employees.” As of 2024, the President has sanctioned an Adhoc Relief Allowance.”
Pension calculation excludes allowance; resumes after overseas deputation
As a result of the latest announcement, one of the main assumptions is that it will not be awarded to employees who are deputed overseas, nor will it be taken into account when determining pensions, gratuities, and housing rent. If employees return and are assigned to their new divisions, though, they will again receive the allowance.
Unskilled laborers’ wages have been increased by 15% by Maryam Nawaz.
Starting next month, all Punjab’s minimum wage workers will see a 15% raise in pay along with additional benefits, according to Maryam Nawaz.
In Punjab, the government has announced plans to raise the minimum monthly wage for laborers and workers to 37,000 rupees, a significant step towards boosting the labor force. Maryam Nawaz Sharif, the chief minister of Punjab, issued the order.
In conclusion
With significant increases in salaries and pensions across all grades, the new fiscal budget provides good news to government employees and retirees. Government commitment to improving employee welfare is reflected in the announcement of ad-hoc relief allowances, including a 25% increase for grades up to 16 and a 20% increase for grades 17 to 22.