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Diwali bonanza: Punjab government decides to restore old pension scheme for its employees

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Chandigarh, October 21

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The Punjab government on Friday decided to restore the old pension scheme for its employees, with Chief Minister Bhagwant Mann terming it a Diwali gift for the state staff.

In another decision, the state Cabinet decided to give six per cent dearness allowance (DA) to employees and pensioners, with effect from October 1 this year, a statement said.

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The statement said the employees will be given the option of adopting the old pension scheme or the current one.

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