Punjab announces a hike of 8 percent in DA to its employees/pensioners

Chandigarh/October 25
Punjab Government on Friday announced 8 percent hike in Dearness Allowance (DA) payable to the state government employees/pensioners which was due from January 2013.
A Punjab Government spokesperson said that the increased DA would be affected from July 1, 2013 which would further enhance the DA to 80 percent from present 72 percent of the basic pay. “The enhanced DA will be paid along with the pay from October 1, 2013 and the remaining enhanced DA from July 2013 to September 2013 will be paid in cash to employees/pensioners,” said the spokesman, adding that the decision about the pending payment of enhanced DA from January 1, 2013 to June 30, 2013 will be taken later.
He said that those employees who were appointed under New Restructured Defined Contributory Pension Scheme from January 1, 2004 or after that has been advised to purchase the National Saving Certificates/Kisan Vikas Pattar from Post offices situated in the state of Punjab against the enhanced DA and dues.