Pension scheme under amended Civil Servants Ord

Published
0

LAHORE: Governor Balighur Rehman on Saturday promulgated the Punjab Civil Servants Amendment Ordinance 2023.

The governor promulgated the ordinance in exercise of the powers conferred upon him under Clause (01) of Article 128 of the Constitution of the Islamic Republic of Pakistan.

The ordinance has amended section 2 of Punjab Civil Servants Act VIII of 1974. According to the ordinance, under the contribution pension scheme, both the government, as employer, and the civil servant, as employee, shall contribute to the pension account.

Such contributions shall be invested in a pension fund until the retirement of the government employee and the accumulated balance in the pension account, at the time of retirement, would be re-invested further to generate monthly pension. The defined contribution pension scheme will be applicable to the government servants recruited on or after the date of promulgation of the ordinance.

SYNDICATE MEMBERS: The governor as chancellor also approved the summaries of nominations of syndicate members of various universities of Punjab.

The governor nominated Prof Afzal Khalid, rector Ghulam Ishaq Khan Institute of Engineering and Technology, Dr. Ifra Sohail, principal Government Training College for Teachers of the Deaf, as members of the syndicate of University of Education, Lahore, for a period of three years.

The governor nominated Prof Dr. Asif Ali, vice chancellor Muhammad Nawaz Sharif Agricultural University, Multan, Prof Khalid Mansoor, dean Faculty of Veterinary and Animal Sciences Islamia University Bahawalpur, Prof Dr. Shazia Anjum Institute of Chemistry, Faculty of Chemical and Biological Sciences IUB, Prof Dr. Farzana Rizvi, Faculty of Veterinary Sciences University of Agriculture Faisalabad, in the category of Persons of Eminence, Dr. Rana Muhammad Tariq, former president Chamber of Commerce, Bahawalpur, Qaiser Javed, former director Soil Salinity Research Institute, Pindi Bhattian, Prof Dr. Saeqa Imtiaz Ali, former VC, Government Sadiq College Women University, Bahawalpur as the syndicate members of Cholistan University of Veterinary and Animal Sciences, Bahawalpur, for a period of three years.

The governor nominated Dr. Raghib Hussain Naeemi as a member of the syndicate for a period of three years in the category of a scholar of Islamic jurisprudence of the University of Agriculture, Faisalabad.

Published in Dawn, January 8th, 2024

Opinion

Editorial

Fixing bond markets
Updated 01 Oct, 2026

Fixing bond markets

Pension funds, insurance companies, mutual funds, retail investors, and eventually, foreign investors must become bigger participants in the market.
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...
Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...