PENSION GUIDEBOOK (PREPARED BY CH. MUHAMMAD IMTIAZ, DEPUTY DIRECTOR AUDIT (RTD.), LOCAL FUND AUDIT, GOVERNMENT OF THE PUNJAB, FINANCE DEPARTMENT) NEW EDITION – 2024 AND CALCULATION OF GROSS PENSION, NET PENSION AND COMMUTATION — This booklet is the product of the questions that have been put to me over the years regarding pension and related matters. Score of employees belonging to different departments / organizations where service is pensionable as well as living in the territorial surroundings of my residence come to me and ask almost similar questions about pension / commutation / encashment in lieu of refused Leave Preparatory To Retirement (LPR) along with additional benefits admissible to an employee on retirement under the rules. In order to surmount these difficulties of the employees, I felt the need to prepare a comprehensive Guide Book containing the gist of pension rules incorporating the amendments issued by the Punjab Government from time to time, as well as additional benefits admissible to an employee on retirement or the widow / family of a deceased employee / pensioner in case of death during service or after retirement whatever the case may be.