Big bonanza for Punjab govt employees! Increased salaries, pensions and more, check details

The implementation will entail 2.59 times increase in salaries and pensions over the previous Pay Commission recommendations.

New Delhi: In a move that will benefit over 5.40 lakh serving and retired state government employees, the Punjab government, led by Chief Minister Amarinder Singh, on Friday decided to accept a majority of the recommendations of the Sixth Pay Commission, and decided to implement them from July 1 with retrospective effect from January 1, 2016. With this decision, taken at the state cabinet meeting, the government said it has fulfilled another major promise to the people, despite the precarious financial health of the state. The implementation will entail 2.59 times increase in salaries and pensions over the previous Pay Commission recommendations, with an annual increment rate of three per cent, resulting in pay scales of all existing employees continuing to be higher than in neighbouring Haryana.