Government of Khyber Pakhtunkhwa had amended the Khyber Pakhtunkhwa Civil Servants Act, 1973, in 2021 and the Pension structure has been changed for all new KP Government employees.
All Employees of KP Government appointed/recruited under the Khyber Pakhtunkhwa Civil Servants (Amendment) Act.2022 or an Employee of the KP Government, regularized as civil servant through any legal instrument, issued after coming into force of the Khyber Pakhtunkhwa Civil Servants (Amendment) Act, 2022 irrespective of the effective date of regularization, are eligible to contribute to the Pension Fund.
Contribution rate: Government of KP as well as employees will both contribute as per below percentages. Deduction from employee’s pensionable pay (running basic pay plus personal pay) will be deducted and passed on to Pension Fund / Asset Fund Management Company. Employee can optionally contribute more from his salary on his own.
Retirement Age: The retirement age for the participants shall be any age between sixty and seventy years or twenty-five years since the age of first contribution to ABL GOKP - Pension Fund / ABL GOKP - Islamic Pension Fund, whichever is earlier.
Transfer to another Fund/Pension Fund Manager:
Employee can transfer from Conventional to Shariah complaint Pension scheme or from Shariah Compliant to Conventional with the same Pension Fund / Asset Management Company or transfer to any other Pension Fund / Asset Management Company free of cost, any time under the VPS Rules, 2005.
Registration:
KP Employee can choose from any of ABL GOKP - Pension Fund or ABL GOKP - Islamic Pension Fund as per the preference.
You can follow below mentioned steps for registration:
Contact Us
Name: _________________________________
Contact: ________________________________
Email: __________________________________
City: ___________________________________
Disclaimer: All investments in Pension Funds are subject to market risks. The investors are advised in their own interest to carefully read the Offering Documents in Particular the Investment Policies mentioned in clause 07 Risk factors mentioned in clause 7.10 and Warnings in clause 11.6 before making any investment decisions.
KP CPF Rules shall be applicable for withdrawal from Contributory Pension Funds. Withholding tax will be deducted from early withdrawals before retirement as per Income Tax ordinance, 2001. *Terms & condition apply.
Government of Khyber Pakhtunkhwa had amended the Khyber Pakhtunkhwa Civil Servants Act, 1973, in 2021 and the Pension structure has been changed for all new KP Government employees.
All Employees of KP Government appointed/recruited under the Khyber Pakhtunkhwa Civil Servants (Amendment) Act.2022 or an Employee of the KP Government, regularized as civil servant through any legal instrument, issued after coming into force of the Khyber Pakhtunkhwa Civil Servants (Amendment) Act, 2022 irrespective of the effective date of regularization, are eligible to contribute to the Pension Fund.
Contribution rate: Government of KP as well as employees will both contribute as per below percentages. Deduction from employee’s pensionable pay (running basic pay plus personal pay) will be deducted and passed on to Pension Fund / Asset Fund Management Company. Employee can optionally contribute more from his salary on his own.
Retirement Age : The retirement age for the participants shall be any age between sixty and seventy years or twenty-five years since the age of first contribution to ABL GOKP - Pension Fund / ABL GOKP - Islamic Pension Fund, whichever is earlier. Transfer to another Fund/Pension Fund Manager: Employee can transfer from Conventional to Shariah complaint Pension scheme or from Shariah Compliant to Conventional with the same Pension Fund / Asset Management Company or transfer to any other Pension Fund / Asset Management Company free of cost, any time under the VPS Rules, 2005.
Registration:
KP Employee can choose from any of ABL GOKP - Pension Fund or ABL GOKP - Islamic Pension Fund as per the preference.
You can follow below mentioned steps for registration:
Contact Us
Name: _________________________________
Contact: ________________________________
Email: __________________________________
City: ___________________________________
Disclaimer:
All investments in Pension Funds are subject to market risks. The investors are advised in their own interest to carefully read the Offering Documents in Particular the Investment Policies mentioned in clause 07 Risk factors mentioned in clause 7.10 and Warnings in clause 11.6 before making any investment decisions.
KP CPF Rules shall be applicable for withdrawal from Contributory Pension Funds. Withholding tax will be deducted from early withdrawals before retirement as per Income Tax ordinance, 2001. *Terms & condition apply.
