10� hike for Punjab employees/pensioners

Also releases arrears of DA due from 1st July 2013
Chandigarh, May 9, 2014: The Punjab Government today announced the 10 percent hike in Dearness Allowance (DA) payable to the state government employees/pensioners due from January 1, 2014 and it would be paid from December 1 2014 increasing it rate from existing 90% to 100% of the basic pay.
Disclosing this here today, a spokesman of the Punjab Government said that the decision about the pending payment of enhanced DA from 1.1.2014 to 30.11.2014 would be taken later on.
He further said that the pending arrears of 10% DA from 1.7.13 to 31.1.14 would be deposited in the GPF accounts of Group D employees in the month of July 2014 and for remaining employees/pensioners the amount would be released after 15.8.14. “Pending payment of enhanced DA would be deposited in GPF account of concerned employee and pensioners will get it cash” he said.  
The spokesman also said that those employees who were appointed under New Restructured Defined Contributory Pension Scheme from 1.1.2004 or after that have been advised to purchase the National Saving Certificates/Kisan Vikas Pattar from Post offices situated in the state of Punjab against the arrears of DA.