The Punjab Government, in partnership with UBL Fund Managers, has fully implemented the Punjab Contributory Pension Fund Scheme 2026, introducing a modern retirement system for newly recruited civil servants.
This scheme applies to all employees who joined Punjab Government service on or after January 8, 2024, and replaces the traditional defined-benefit pension model with a market-based defined-contribution system.
EOBI Pension Check 2026 – Online Status, Eligibility & Payment Guide
How to Check Your EOBI Record Online 2026 – Step-by-Step GuideUnder this new framework, both the employee and the government make monthly contributions to a professionally managed pension fund, helping workers build long-term financial security.
Key Features of Punjab Contributory Pension Scheme 2026
| Feature | Details |
|---|---|
| Applicability | Employees joining on/after Jan 8, 2024 |
| Employee Contribution | 10% of Basic Pay |
| Government Contribution | 12% of Basic Pay |
| Total Monthly Input | 22% of Basic Pay |
| Investment Partner | UBL Fund Managers & Approved PFMs |
| Insurance Coverage | Up to Rs. 2 Million (Life & Disability) |
| Registration Portal | pension.punjab.gov.pk |
How the Scheme Works: Rules and Benefits
The scheme operates under the Punjab Defined Contributory Pension Scheme Rules, 2025, ensuring transparency and professional fund management.
EOBI Pension Check 2026 – Online Status, Eligibility & Payment GuideHow to Check Your EOBI Record Online 2026 – Step-by-Step Guide
How to Check Your EOBI Individual Information Status 2026Investment Structure
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First 3 Years: 100% investment in low-risk Money Market Sub-Funds.
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After 3 Years: Option to shift to Balanced, Debt, or Equity-based funds.
Tax Benefits
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Contributions qualify for tax credits under Section 63 of the Income Tax Ordinance.
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Capital gains within the fund remain tax-exempt.
Insurance Protection
Each participant automatically receives Group Life and Disability Takaful coverage:
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Rs. 1,000,000 for natural death or disability
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Rs. 2,000,000 for accidental death
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10% annual indexation
Retirement Withdrawal Options
At retirement (age 60 or after 25 years of service), employees may:
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Withdraw 25% as a tax-free lump sum
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Convert the remaining 75% into a monthly annuity or income plan for at least 20 years
How to Register: Step-by-Step Guide
New Punjab Government employees can enroll by following these steps:
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Visit the official portal at pension.punjab.gov.pk
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Create a profile using CNIC, Personal Number, and department details
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Select UBL Fund Managers or another approved Pension Fund Manager
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Upload appointment letter and CNIC copies
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Wait for verification by the DDO and Accountant General Punjab
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Receive account activation and mobile app access
Once activated, employees can track contributions and returns digitally.
Why Choose UBL Fund Managers?
UBL Fund Managers offers a digital-first pension management system featuring:
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Real-time fund performance tracking
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Mobile app and online statements
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24/7 WhatsApp self-service support
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Secure portfolio management
This allows employees to stay informed about how their monthly 22% contribution is growing over time.
Conclusion
The Punjab Contributory Pension Scheme 2026 marks a major shift toward sustainable and transparent retirement planning. By combining government support with professional fund management, the initiative ensures that future retirees can maintain financial stability in an evolving economic environment.
