Notification of Restoration of Commuted Portion of Pension 2015

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Notification of Restoration of Commuted Portion of Pension 2015

Government of Pakistan Finance Division (Regulations Wing) issued office memorandum vide No. F. 15(2)-Reg.6/2015-699. Islamabad, the 7th July, 2015.

Subject: – RESTORATION OF COMMUTED PORTION OF PENSION.

The undersigned is directed to state that according to para 16(e) of the Finance Division’s O.M. No. F. 1(5)-Imp/2001 dated 4th September, 2001, the benefit of restoration of surrendered portion of pension in lieu of commutation/gratuity was withdrawn.

2. Later on, Finance Division vide its O.M. No. F. 5(2)-Reg.6/2002 dated 2″ July. 2002 decided that benefit of restoration of commuted portion of pension shall continue to be available for those who have opted to remain in the Basic Pay Scales 1994 .

3. Now the President has been pleased to decide that all civil servants/ civil pensioners of Federal Government, including civilian paid from Defence Estimates. Personnel of Armed Forces and Civil Armed Forces, who retired/would retire on or after 01.12. 2001 shall be entitled to the benefit of restoration of commuted portion of pension in lieu of commutation/gratuity in accordance with the applicable rules.

4. The pensioners of Federal Government , who retired between 01.07.2001 to 30.11.2001 and opted for Pay Scales 2001 on presumptive basis in term of para 18 of Finance Division’s O.M. No. F. 1(5)-Imp/2001 dated 4th September, 2001 shall also be entitled to the benefit of restoration of commuted portion of pension in lieu of commutation/gratuity in accordance with the applicable rules.

(Muhammad Shahid Ahmed Ch.) Deputy Secretary (R-III)

ALL MINISTRIES/DIVISIONS/DEPARTMENTS

Notification of Restoration of Commuted Portion of Pension 2015
Notification of Restoration of Commuted Portion of Pension 2015

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