In a bonanza for the Punjab Government employees and pensioners, the State Government on Friday announced 10 per cent hike in Dearness Allowance (DA) payable to them due from January 1, 2014. Besides, it was decided that the DA would be paid from December 1, 2014, increasing its rate from existing 90 per cent to 100 per cent of the basic pay.
“The decision about the pending payment of enhanced DA from January 1, 2014 to November 30, 2014 would be taken later on,” said the Punjab Government spokesperson.
He said that the pending arrears of 10 per cent DA from July 1, 2013, to January 31, 2014, would be deposited in the GPF accounts of Group D employees in the month of July 2014, and for remaining employees or pensioners the amount would be released after August 15, 2014.
“Pending payment of enhanced DA would be deposited in GPF account of concerned employee and pensioners will get it in cash,” he said.
The spokesperson said that those employees who were appointed under New Restructured Defined Contributory Pension Scheme from January 1, 2004, or after that have been advised to purchase the National Saving Certificates or Kisan Vikas Pattar from post offices situated in the state of Punjab against the arrears of DA.