The Punjab Pension Fund ("PPF") has been established under the Punjab Pension Fund Act 2007 ("Act") to generate revenue for the discharge of pension liabilities of the Government of Punjab. The Fund is a body corporate with perpetual succession. The Fund shall perform such functions and exercise such as powers as are vested in it under the Act and the Punjab Pension Fund Rules 2007 ("Rules"). The management and administration of the Fund vests in the Management Committee notified under section 5 of the Act. The Fund is responsible for investing the funds in profitable avenues to generate revenue. Currently, the Fund has invested in a diversified portfolio of government securities, national saving scheme, term deposit receipts, debt securities and bank deposits.
Punjab Pension Fund is also managing Punjab General Provident Investment Fund (PGPIF). The Punjab General Provident Investment Fund (PGPIF) has been established under the Punjab General Provident Investment Fund "Act" to generate revenue for the discharge of the General Provident Fund liabilities of the Government of Punjab. The Fund is responsible for investing the funds in profitable avenues to generate revenue. Currently, the Fund has invested in a diverse portfolio of government securities, term deposit receipts and bank deposits.
PPF is also assisting other government departments, such as PEEF, PDMA, TEVTA