Punjab Government on Monday announced release of arrears of Dearness Allowance (DA) or dearness relief to the employees and pensioners of the State Government in cash.
“The arrears of DA with effect from July 1, 2014, to February 28, 2015 at the rate of seven per cent and
arrears with effect from January 1, 2014, to September 30, 2014, at the rate of 10 per cent would be given to the employees and pensioners of the State Government in cash,” said State Finance Minister Parminder Singh Dhindsa.
Dhindsa said that 50 percent of the DA arrears from July 1, 2014, to February 28, 2015, shall be paid during the second quarter of financial year 2016-17, that is from July 1, 2016, to September 30, 2016, and pending 50 per cent of this arrears shall be paid during the third quarter of financial year 2016-17, that is from October 1, 2016, to December 31, 2016.
likewise, 50 per cent of the DA arrears from January 1, 2014, to September 30, 2015, shall be paid during the fourth quarter of financial year, that is from January 1, 2017, to March 31, 2017, and the rest of 50 percent of this arrears shall be paid during the first quarter of financial year 2017-18, that is from April 1, 2017, to June 30, 2017. He said that the notification in this regard has been issued on Monday.