PPF Overview
Managing Pension
Liabilities and Investments
The Punjab Pension Fund, established under the Punjab Pension Fund Act of 2007, stands as a vital pillar in the financial landscape of the Punjab with a primary purpose: to secure the pension liabilities of the Government. The multifaceted approach of the PPF involves managing two distinct funds, namely the Punjab Pension Fund (PPF) and the Punjab General Provident Investment Fund (PGPIF), each contributing uniquely to the financial stability and well-being of retired government employees.
Punjab Pension Fund (PPF):
The PPF is dedicated exclusively to meeting the pension obligations of the government. As a critical financial reservoir, it actively receives contributions from government employees. The funds acquired are strategically invested with the overarching goal of generating substantial returns. This financial strategy ensures that the PPF is well-equipped to fund the pension payments of retired government employees in the future. Therefore, the PPF plays a pivotal role in guaranteeing the entitled pensions to those who have served the government, thus, contributing to their financial security in retirement.
Punjab General Provident Investment Fund (PGPIF):
The PPF is dedicated exclusively to meeting the pension obligations of the government. As a critical financial reservoir, it actively receives contributions from government employees. The funds acquired are strategically invested with the overarching goal of generating substantial returns. This financial strategy ensures that the PPF is well-equipped to fund the pension payments of retired government employees in the future. Therefore, the PPF plays a pivotal role in guaranteeing the entitled pensions to those who have served the government, thus, contributing to their financial security in retirement.
