The Ordinance has amended the provision related to pension of government employees (Photo File).
Lahore: Under the contribution pension scheme, both the government and the government employee will contribute to the pension account.
Governor Punjab Balighur Rahman issued the Civil Servants Amendment Ordinance 2023 under clause (01) of Article 128 of the Constitution, the provision related to the pension of civil servants has been amended in the ordinance.
Under the contribution pension scheme, both the government and the government employee will contribute to the pension account, this amount will be invested in the pension fund till the retirement of the government employee, on retirement the amount deposited in the fund will be reinvested to pay the monthly pension of the government employee. will be done
The defined contribution pension scheme will be applicable to the government employees recruited on or after the date of promulgation of the Ordinance.
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