Khyber Pakhtunkhwa Finance Department Addresses CP Fund Concerns for Government Employees-Official Notification

KP Government Clarifies CP Fund Policy for Employees Appointed Through Proper Channel:

The Khyber Pakhtunkhwa (KP) Finance Department has issued an important clarification regarding the Contributory Pension (CP) Fund for employees who transitioned to new positions through the proper channel. This response comes after a complaint was lodged through the Pakistan Citizen Portal (PCP), seeking clarity on pension eligibility under the newly introduced system.

As per the Finance Department’s latest directive, employees with less than 9 years and 6 months of service will be subject to the CP Fund system, which was implemented on June 7, 2022. While the Finance Secretary has already granted approval, the formal regulations are pending final endorsement from the KP Cabinet. However, due to the absence of an elected government, the process remains stalled until further notice.

For government employees seeking pension-related updates, CP Fund rules, and official notifications, Vocal Pakistan ensures you stay informed. Please find the official notification below:

GOVERNMENT OF KHYBER PAKHTUNKHWA
FINANCE DEPARTMENT

APP&MC/CP-FUND-2022-23/General File

Dated: 17-08-2023

To

Assistant Director-V (FMIU),
Finance Department

SUBJECT:             COMPLAINT RECEIVED THROUGH PAKISTAN CITIZEN PORTAL (PCP), CLARIFICATION REGARDING CP FUND FOR EMPLOYEES APPOINTED THROUGH PROPER CHANNEL

                      With reference to your letter No. FMIU/FD/PCP/Complaints/2023/ KP050823­ 90837012 Dated: 15-08-2023 the following reply is being furnished to be further sent to the complainant.

                      The Khyber Pakhtunkhwa (KP) government has launched the Defined Contribution Pension Payment system for newly hired employees starting from the 7^th of June, 2022. In the case of employees who have transitioned from one position to another through proper channel after promulgation of CP fund rules, the Finance Department has extensively deliberated the matter through multiple meetings. It has been decided that employees with less than 9 years and 6 months of service will be participants of the CP Fund system. The office has already gained approval from the esteemed Finance Secretary however, the formalization of these regulations will occur subsequent to receiving approval from the cabinet. Nonetheless, due to the absence of an elected government, the progression of these rules has been delayed. The situation will gain clarity once an elected government is established.

Pension Cell
Finance Department

KPK Employees Await Final Decision on CP Fund Regulations:

The delay in formalizing Contributory Pension (CP) Fund rules has raised concerns among government employees in Khyber Pakhtunkhwa. While the Finance Department has provided interim clarity, the final policy will be determined once the new government is in place. Employees affected by this transition should stay updated with official announcements and monitor decisions from the KP Cabinet.

For the latest government notifications, finance department updates, and pension policy changes, Vocal Pakistan remains your go-to source. Stay connected for real-time information on public sector employment, CP Fund regulations, and government financial policies.

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