.jpg "Finance Pension Policy & Coordination Branch, Department of Finance, Government of Punjab No. FD-FPPC0CMPS/41/2020-2FPPC/1132643 Dated 23-06-2025")
Finance Pension Policy & Coordination Branch, Department of Finance, Government of Punjab
3704 Master cadre Teachers
Regarding Salary from Date of Joining
Establishment 02 Branch, O/o Directorate of School Education (Secondary), Punjab
Memo No. 198969 Establishment-2 (2)/2025169028 Dated 18-06-2025
Annual Increment Undertaking
Establishment 02 Branch, O/o Directorate of School Education (Secondary), Punjab
Annual Increment Undertaking
Establishment 02 Branch, O/o Directorate of School Education (Secondary), Punjab
Memo No.648967 Establishment-2 (2)/202562063 Dated 06-03-2025
Clarification Date of Joining
O/o Director Education Department (SE), Punjab
Memo No. DYSPD(PEDB)/2021/260896 Dated 02-08-2021
Memo No. DYSPD(PEDB)/2021/260896 Dated 02-08-2021
Regarding Salary from Date of Joining
Establishment- 2 Branch, O/o Director Education Department (SE), Punjab
Establishment- 2 Branch, O/o Director Education Department (SE), Punjab
Memo No. DPISE-EST20APPT(APPT)/4/2021-ESTABLISHMENT-2-DPISE Dated 03-05-2021
Empanelment and Ranking of Banks
.jpeg "Directorate of Institutional Finance & Banking, Department of Finance, Government of Punjab No. III/I/2025/IF/I/1421 Dated 10-06-2025")
Directorate of Institutional Finance & Banking, Department of Finance, Government of Punjab
No. III/I/2025/IF/I/1421 Dated 10-06-2025
Directorate of Institutional Finance & Banking, Department of Finance, Government of Punjab
I.D. No. III/I/2023/IF/I/279-496 Dated 10-04-2023
CHOICE OF PENSION FUND AND INVESTMENT PATTERN IN TIER-I OF NPS
I am directed to invite your kind attention to the Government of Punjab, Department of Finance Notification No. 8/1/2004-3FPII/2078 Dated 02-03-2004 wherein the Defined Contributory Pension Scheme for State Government employees appointed on or after 01.01.2004 was notified and further relevant instructions/Guidelines issued vide letter No. 3/72/2003-3FPPC/7280 Dated 12-12-2006 and others from time to time.
2. Whereas Ministry of Finance, Department of financial services, Government of India vide its Notification No. F.No.1/3/2016-PR Dated FD-FPPC0NCPS/4/2025-2FPPC I/1121355/2025 31.01.2019 had introduced the choice of the Pension Fund and the Investment Pattern in the Tier – I of the NPS for the employees of the Central Government. The Operative part of the notification is reproduced as below:-
“CHOICE OF PENSION FUND AND INVESTMENT PATTERN IN TIER-I OF NPS AS UNDER:
(vi) Choice of Pension Fund: As in the case of subscribers in the private sector, the Government subscribers may also be allowed to choose any one of the pension funds including Private sector pension funds. They could change their option once in a year. However, the current provision of combination of the Public-Sector Pension Funds will be available as the default option for both existing as well as new Government subscribers.
(vii) Choice of Investment pattern: The following options for investment choices may be offered to Government employees:-
(a) The existing scheme in which funds are allocated by the PFRDA among the three Public Sector Undertaking fund managers based on their past performance in accordance with guidelines of PFRDA for Government employees may continue as default scheme for both existing and new subscribers.
(b) Government employees who prefer a fixed return with minimum amount of risk may be given an option to invest 100% of the funds in Government securities (Scheme G).
(c) Government employees who prefer high returns may be given the options of the following two Life Cycle based schemes.
(A) Conservative Life Cycle Fund with maximum exposure to equity capped at 25% - LC-25.
(B) Moderate Life Cycle Fund with Maximum exposure to equity capped at 50% - LC- 50.”
3. The Government of Punjab has decided to implement the Choice of FD-FPPC0NCPS/4/2025-2FPPC I/1121355/2025 Pension Fund and Choice of Investment Pattern in Tier-I of NPS as per Government of India Notification No. F.No.1/3/2016-PR Dated 31.01.2019. if a subscriber suffers a loss or lower return, it will be due to their decision in exercising the option of choice of fund and investment pattern. However, if State Government switches to any other pension scheme in the future, then the subscriber (in case of loss/low return) may have to recoup the difference of returns (Returns as per Default scheme - Returns as per Choice of fund/Invest. Pattern) as per the terms & conditions of that new pension scheme.
4. Subscriber may exercise the option of Choice of Pension Fund and Choice of Investment Pattern online using their login credentials only. The request initiated online by the Subscriber can be self-authorized and authorization from Nodal Office is not required in the CRA System.
This Instructions shall take immediate effect......................
Finance Pension Policy and Coordination Branch, Department of Finance, Government of Punjab
Grant of notional Annual Increment after retirement Clarification
This is in reference to the earlier instruction no, No. FD-FP-206(PYFG)/3/2020-1FP2/15/1 Dated 10-07-2024 issued by Department of Finance, in which it was clarified that the employees who had completed 12 months of qualifying service on the date of retirement were given the benefit of one notional annual increment on retirement. As per these instructions, the arrears were to be paid to the petitioners from the date of filing the petition and to the non-petitioners from the date of issuance of the instructions dated 10.07.2024.
2. In accordance with the Finance Department above instructions dated 10.07.2024 all departments are requested to ensure that the date from which the actual benefit of revised pension/ pensionary benefits are admissible should be clearly mentioned in each case before submitting it to the Accountant General Punjab, for pension revision.
Finance Pension Policy and Coordination Branch
No. FD-FPPCOMISC/128/2025-3FPPC/1121734 Dated 09-06-2025
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