Discover the latest pension reforms introduced for retired Punjab Police personnel.
The Government of Punjab has introduced the Punjab Defined Contribution Pension Scheme 2025 (DCPS 2025) under Section 23 of the Punjab Civil Servants Act, 1974, replacing the traditional Defined Benefit pension system. This new scheme mandates joint contributions from employees and the government into pension accounts managed by authorized fund managers. Understanding the Punjab Defined Contribution Pension…
For the new pension reforms, the Government of Pakistan has introduced significant changes to its pension calculation methodology through a new Finance Division notification issued on January 4, 2025. This comprehensive reform affects how future pension increases will be calculated and managed for government employees. Let’s break down what these changes mean for current and…
Punjab’s pension system underwent a fundamental change or pension reforms that cut retirement benefits by 40% for government employees who retire after December 2. Government employees with 30+ years of service who retire at age 60 will now receive 60,064 rupees monthly instead of 91,464 rupees. The new pension reforms system alters monthly pension calculations…
