New Pension Fund Scheme Launched: Federal Employees to Contribute 10% with Government Matching 20% from July 2024-Notification

Islamabad, the 20^th August  2024

OFFICE MEMORANDUM

Subject:- INTRODUCTION OF CONTRIBUTORY PENSION FUND SCHEME FOR THE NEW ENTRANTS.

The undersigned is directed to refer to the subject noted above and to state that in pursuance of Cabinet Decision in case No ECC-134/13/2024 dated 27.06 .2024 Federal Government has decided that in future. Contributory Pension Fund Scheme shall be introduced for all the Civil Employees of the Federal Government including Civilian paid from Defence Estimates who are appointed on regular basis on or after 01.07.2024. This scheme shall also be applicable to the Armed Forces who are appointed on regular basis on or after 01.07.2025.

2.         The rate of contribution from the employees and the Federal Government as under;

(I)         Contribution @ 10% of the Basic Pay by the employees

(ii)             Contribution @ 20% of the Basic Pay of the employees by the Federal Government.

3 . This rate of contribution is purely provisional and subject to change.

4.         This O.M. may be adopted in true letter and spirit.

Section Officer (Reg.6)

ALL MINISTRIES/DIVISIONS/DEPARTMENTS: