Old Pension Scheme applicable to recruitment staff after 2004

Old Pension Scheme applicable to recruitment staff after 2004

Chandigarh. The Finance Department of Punjab Government has clarified that in the public sector and self-employed institutions, the new pension scheme has been implemented from July 9, 2012, on those recruited employees / officers from 1 January 2004 to 8 July 2012 The pension scheme applied in those institutions, which was applicable before January 1, 2004, will be applicable in the same way.

A spokesman of the Department of Finance said that in the public sector and self-employed institutions, the newly defended contribution pension scheme could not be implemented for any reason since January 1, 2004, in this institution, according to the instructions of the Finance Department, July 9, 2012 Definitely apply. He said that the letter related to this has been issued to the heads of the departments and related parties.

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