The Punjab government terminates the yearly pension increase for retired public employees.

For retired public employees, the Punjab government has eliminated the yearly pension rise.

All departments here were instructed to take action to halt the pension rise in a letter sent yesterday by the Punjab finance secretary. The decision of the finance department, which pertains to three different kinds of pensions, was publicly announced on Tuesday.

Mujahid Sherdil, the Punjab Finance Secretary, signed the directive, which was distributed to all department heads and administrative secretaries, directing them to put the new order into effect right now.

The notification states that all employees departing from employment beginning December 3, 2024, shall be subject to the prohibition on pension increases.

The notice stated that people who choose to retire voluntarily would likewise have their pensions withheld.

According to the notification, a person who is 59 years old and approaching retirement will see a 2% reduction in his pension, a 4% reduction for those who are 58 years old, a 6% reduction for those who are 57 years old, an 8% reduction for those who are 56 years old, and a 10% reduction for those who are 55 years old.