Tuesday, July 31, 2012

Panjab University Chandigarh Releases Old Age Allowance to its Pensioners

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PANJAB UNIVERSITY CHANDIGARH

From                                                          
The Finance & Development Officer        
Panjab University, Chandigarh.            
 

To                                          
1. All the Head of Depts/Branches/Offices P.U., Chandigarh.                                           

2. R.A.O./R.S.A
3. Chairperson, Teaching & Non Teaching Departments/branches  
4. Incharge Data Entry Unit    


                                      
N0. A/4194-4393           
Dated:-: 18th/21st May,2012                                                                        
Dear Sir/Madam

  In pursuance of the regulation No. 1.6 of Panjab University Employees (Pension) Regulation and the decision of the Board of Finance dated 21.2.2012, Vice-Chancellor is pleased to adopt the circular of Pu
njab Govt. Notification No.3/23/09/3FPPC/1402 dated 22.12.2011 with respect to grant of old age allowance. The Vice-Chancellor further approved to grant the benefit of leave travel concession as per regulation 6.2 of Panjab University Employees (Pension) Regulation. These benefits shall be allowed with effect from 1.5.2012.
           


Thanking you


Yours faithfully,



sd/


Assistant Registrar (Accounts)

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Punjab Govt. Notification No.3/23/09/3FPPC/1402 dated 22.12.2011 referred to in the Circular above is being reproduced below for reader's convenience.--GURKIRPAL SINGH SEKHON
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 No.3/23/09-3FPPC/1402    
Governmrnt of Punjab
 Department of Finance 
(Finance Pension Policy & Coordination Branch)   

Dated Chandigarh, the 22nd December 2011.

To 
All Heads of Departments, 
Commissioners of Divisions, 
Registrar High Court of Punjab and Haryana, 
District and Sessions Judges and, 
Deputy Commissioners of the State.
Subject:Grant of Old Age Allowance to Pensioners/Family pensioners
                                                                                                             
Sir/Madam
I am directed to invite a reference to Punjab Government Letter No.  3/23/09-3FPPC/879, dated 17 August, 2009 and to say that the Governor of Punjab is pleased to decide that the quantum of pension available to the old age pensioners/family pensioners, shall be further increased as under:-
Age of pensioner/family pensioner
Additional quantum of pension/family pension
From 65 years to less than 70 years
5 per cent of the revised basic pension/family pension
From 70 years to less than 75 years
10 per cent of the revised basic pension/family pension
From 75 years to less than 80 years
15 per cent of the revised basic pension/family pension
From 80 years to less than 85 years
20 per cent of the revised basic pension/family pension
From 85 years to less than 90 years
30 per cent of the revised basic pension/family pension
From 90 years to less than 95 years
40per cent of the revised basic pension/family pension
From 95 years to less than 100 years
50 per cent of the revised basic pension/family pension
100 years and above
100 per cent of the revised basic pension/family pension

2. These orders shall come into force with rffect from 1st December,2011. The enhanced rates shall be applicable prospectively and there shall be no element, whatsoever, of retrospectivity in this regard and there shall be no question of payment of arrears or of notional benefits from any previous date.
3. The other terms and conditions regarding grant of pension and other retirement benefits shall remain unchanged.
4. Necessary amendments in rules shall be made in due course of time.
5. Punjabi version of these orders shall follow in due course of time.

Yours faithfully
   Sd/-
(USHA SEHGAL)
Joint Secretary Finance

No.3/23/09-3FPPC/1403      Dated Chandigarh, the 22nd Dec. 2011
A copy is forwarded to:
1.  The Principal Accountant General (Audit), Punjab, Chandigarh.
2.  The Principal Accountant General (A & E), Punjab, Chandigarh.


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