An Outline:
Under the Punjab Government’s pension reform via Punjab Defined Contributory Pension Scheme Rules, 2025, the Government of Punjab had amended the Punjab Civil Servants Act, 1974 through Punjab Civil Servants Ordinance, 2023 (1 of 2024) all newly inducted Government of Punjab employees are eligible to participate in a funded retirement savings plan. The Punjab Pension structure has been changed for all new Punjab Govt. employees after the notification.
ABL Asset Management Company Limited (“ABL Funds”) has been appointed as a Pension Fund Manager to professionally manage your retirement contributions.
The ABL GOPB Pension Fund (ABL GOPB PF) aims to offer Punjab Government employees a secure avenue for building retirement savings and generating consistent post-retirement income, with the flexibility to choose your investment allocation and risk profile.
The ABL GOPB Pension Fund consists of four (4) Sub Funds as below and their investment objectives are as follows:
For Registration:
In order to invest in the ABL GOPB Pension Fund or ABL GOPB Islamic Pension Fund, every employee will have to complete their profile on https://pension.punjab.gov.pk/ and select ABL Funds as Asset Manager of their choice.
| Allocation Plan | Risk Profile (Product & Investor) | Risk of Principal ErosionRisk of Principal Erosion |
|---|---|---|
| Customized Plan with 100% in Money Market Sub Fund | Very Low | Principal at Very Low Risk |
| Lifecycle Plan (for age 60 years & above) | Low | Principal at Low Risk |
| Lifecycle Plan (for age between 50-59 years). Customized Plan with 0% -20% Equity Active Sub Fund aggregate exposure | Moderate | Principal at Moderate Risk |
| Medium Volatility Plan. Lifecycle Plan (for age between 51-60 years). Customized Plan with 26% – 50% Equity & Commodity Sub Fund aggregate exposure | Medium | Principal at Medium Risk |
| High Volatility & Life Cycle Plans (up to the age of 50 years). Customized Plan with more than 50% Equity & Commodity Sub Fund aggregate exposure | High | Principal at High Risk |
Contribution Structure:
Both the Government of Punjab and the participating employee contribute towards your pension
savings as follows:
| Contributor | Contribution Rate |
|---|---|
| Employee | 10% of Pensionable Pay |
|
Government of Punjab
|
12% of Pensionable Pay |
| Overall Contribution | 22% |
Employees may also choose to contribute additional amounts from their salary at their discretion.
Life Cycle Allocation Scheme
| Age | Equity index sub Fund | Equity Active Sub Fund | Combined Exposure ot Equity | Debt / Money Market Sub fund |
|---|---|---|---|---|
| For the period of 3 years from date of account opening | 0% | 0% | 0% | 100% (Money Market sub Fund only) |
| Up to 30 Years | Max 50% | Max 25% | Max 50% | Min 50% |
| Up to 40 Years | Max 40% | Max 20% | Max 40% | Min 60% |
| Up to 50 Years | Max 30% | Max 15% | Max 30% | Min 70% |
| Up to 60 Years | Max 20% | Max 10% | Max 20% | Min 80% |
| Age | Equity index ub Fund | Equity Active Sub Fund | Combined Exposure ot Equity | Debt / Money Market Sub fund |
|---|---|---|---|---|
| For the period of 3 years from date of account opening | 0% | 0% | 0% | 100% |
| Up to 30 Years | 30% | 10% | 30% | 30% |
| Up to 40 Years | 20% | 10% | 30% | 40% |
| Up to 50 Years | 15% | 5% | 20% | 60% |
| Up to 60 Years | 10% | 0% | 10% | 80% |
| Scheme Name | ABL Government of Punjab Pension Fund (ABL GOPB Pension Fund) |
|---|---|
| Scheme Type | Voluntary Pension Scheme |
| Launch Date | 26-Nov-2025 |
| Front End Load | NIL |
| Sub-Fund | Details |
|---|---|
| Equity Active Sub-Fund | Assets of an Equity Active Sub Fund shall be invested in equity securities which are listed on a Stock Exchange or for the listing of which an application has been approved by a Stock Exchange and Equity Active Sub Fund shall be eligible to invest in units of Real Estate Investment Trusts / Exchange Traded Fund provided that entity/sector/group exposures limits as prescribed are complied with |
| Debt Sub-Fund | The Debt Sub-fund shall consist of government securities, cash in bank account, money market placements, deposits, certificate of deposits (COD), certificate of musharakas (COM), TDRs, commercial paper, TFC/ Sukuk or any other Islamic mode of placement, reverse epo, deposits/placements with Microfinance Banks and any other approved debt/ money market security issued from time to time |
| Money Market Sub-Fund | The Money Market Sub-fund shall consist of government securities, cash and near cash instruments which include cash in bank accounts (excluding TDRs), treasury bills, money market placements, deposits, certificate of deposits (COD), certificate of musharakas (COM) or any other Islamic mode of placement, TDRs, commercial papers, reverse repo |
| Equity Index Sub-Fund | The Investment Objective of the Equity Index Sub-Fund is to provide investors an opportunity to track closely the performance of the KSE - 30 by investing in companies of the Index in proportion to their weightages. |
| Sub-Fund | Benchmark |
|---|---|
| Money Market Sub-Fund | 90% three (3) months PKRV rates+ 10% three (3) months average of the highest rates on savings account of three (3) AA rated scheduled Banks as selected by MUFAP. |
| Debt Sub-Fund | 75% Twelve (12) months PKRV + 25% six (6) months average of the highest rates on saving account of three (3) AA rated schedule banks as selected by MUFAP. |
| Equity Sub-Fund | KSE-100 Index (Total return index) |
| Equity Index Sub-Fund | Return of the index being tracked by the PFM (Total return based). |
| Front End Load | NIL |
| Total Asset Under Management (AUM) with a single Pension Fund Manager Relating to GoPB employees | Maximum Total Expense Ratio excluding Takaful charges and government taxes and levies (as % of average daily net assets) | Takaful Charges(AS % of average daily net assets) | |||
|---|---|---|---|---|---|
| Money Market Sub-Fund | Debt Sub-Fund | Equity Index Sub-Fund | Equity Sub-Fund | ||
| Up to PKR 10 Billion | 0.75% | 0.75% | 1.00% | 1.75% | To be charged on actual basis to the Participants accounts as per the limits and pricing mutually decided by the Punjab Govt. and PFM |
| > PKR 10B up to PKR 20B | 0.70% | 0.70% | 0.95% | 1.70% | |
| > PKR 20B up to PKR 30B | 0.60% | 0.60% | 0.85% | 1.60% | |
| > PKR 30B | 0.50% | 0.50% | 0.75% | 1.50% | |
Disclaimer: All investments in Pension Funds are subject to market risks. The investors are advised in their own interest to carefully read the Offering Documents in Particular the Investment Policies mentioned in clause 07 Risk factors mentioned in clause 7.10, 7.11 and Warnings in clause 11 before making any investment decisions.
An Outline:
Under the Punjab Government’s pension reform via Punjab Defined Contributory Pension Scheme Rules, 2025, the Government of Punjab had amended the Punjab Civil Servants Act, 1974 through Punjab Civil Servants Ordinance, 2023 (1 of 2024) all newly inducted Government of Punjab employees are eligible to participate in a funded retirement savings plan. The Punjab Pension structure has been changed for all new Punjab Govt. employees after the notification.
ABL Asset Management Company Limited (“ABL Funds”) has been appointed as a shariah compliant Pension Fund Manager to professionally manage your retirement contributions.
The ABL GOPB Islamic Pension Fund (ABL GOPB IPF) aims to offer Punjab Government employees a secure avenue for building Shariah Compliant retirement savings and generating consistent post-retirement income , with the flexibility to choose your investment allocation and risk profile.
The ABL GOPB Islamic Pension Fund consists of four (4) Sub Funds as below and their investment objectives are as follows:
For Registration:
In order to invest in the ABL GOPB Pension Fund or ABL GOPB Islamic Pension Fund, every employee will have to complete their profile on
https://pension.punjab.gov.pk/
and select ABL Funds as Asset Manager of their choice.
| Allocation Plan | Risk Profile (Product & Investor) | Risk of Principal ErosionRisk of Principal Erosion |
|---|---|---|
| Customized Plan with 100% in Money Market Sub Fund | Very Low | Principal at Very Low Risk |
| Lifecycle Plan (for age 60 years & above) | Low | Principal at Low Risk |
| Lifecycle Plan (for age between 50-59 years). Customized Plan with 0% -20% Equity Active Sub Fund aggregate exposure | Moderate | Principal at Moderate Risk |
| Medium Volatility Plan. Lifecycle Plan (for age between 51-60 years). Customized Plan with 26% – 50% Equity & Commodity Sub Fund aggregate exposure | Medium | Principal at Medium Risk |
| High Volatility & Life Cycle Plans (up to the age of 50 years). Customized Plan with more than 50% Equity & Commodity Sub Fund aggregate exposure | High | Principal at High Risk |
Contribution Structure:
Both the Government of Punjab and the participating employee contribute towards your pension
| Contributor | Contribution Rate |
|---|---|
| Employee | 10% of Pensionable Pay |
|
Government of Punjab
|
12% of Pensionable Pay |
| Overall Contribution | 22% |
Employees may also choose to contribute additional amounts from their salary at their discretion.
Life Cycle Allocation Scheme
| Age | Equity index ub Fund | Equity Active Sub Fund | Combined Exposure ot Equity | Debt / Money Market Sub fund |
|---|---|---|---|---|
| For the period of 3 years from date of account opening | 0% | 0% | 0% | 100% (Money Market sub Fund only) |
| Up to 30 Years | Max 50% | Max 25% | Max 50% | Min 50% |
| Up to 40 Years | Max 40% | Max 20% | Max 40% | Min 60% |
| Up to 60 Years | Max 20% | Max 10% | Max 20% | Min 80% |
| Age | Equity index ub Fund | Equity Active Sub Fund | Combined Exposure ot Equity | Debt / Money Market Sub fund |
|---|---|---|---|---|
| For the period of 3 years from date of account opening | 0% | 0% | 0% | 100% |
| Up to 30 Years | 30% | 10% | 30% | 50% |
| Up to 40 Years | 20% | 10% | 30% | 60% |
| Up to 50 Years | 15% | 5% | 20% | 80% |
| Up to 60 Years | 10% | 0% | 10% | 80% |
| Scheme Name | ABL Government of Punjab Islamic Pension Fund (ABL GOPB Islamic Pension Fund) |
|---|---|
| Scheme Type | Shariah Compliant Voluntary Pension Scheme |
| Launch Date | 26-Nov-2025 |
| Front End Load | NIL |
| Sub-Fund | Details |
|---|---|
| Equity Active Sub-Fund | Assets of the Equity Sub-Fund shall be invested in Shariah-compliant equity securities listed on a Stock Exchange or approved for listing. The Sub-Fund may also invest in Shariah-compliant REITs / ETFs subject to prescribed exposure limits. |
| Debt Sub-Fund | Investments include Shariah-compliant government securities, bank deposits, money market placements, CODs, COMs, TDRs, Islamic commercial papers, Sukuk, reverse repos, and placements with Shariah-compliant Microfinance Banks. |
| Money Market Sub-Fund | Investments include Shariah-compliant government securities, cash and near-cash instruments such as bank accounts (excluding TDRs), money market placements, CODs, COMs, Islamic placements, Islamic commercial papers and reverse repos. |
| Equity Index Sub-Fund | Designed to closely track the performance of the KMI-30 Index by investing in constituent companies according to their index weightages. |
| Sub-Fund | Benchmark |
|---|---|
| Money Market Sub-Fund | 90% three (3) months PKISRV rates + 10% three (3) months average of the highest savings account rates of three (3) AA-rated scheduled Islamic Banks or Islamic windows selected by MUFAP. |
| Debt Sub-Fund | 75% twelve (12) months PKISRV + 25% six (6) months average of the highest savings account rates of three (3) AA-rated scheduled Islamic Banks or Islamic windows selected by MUFAP. |
| Equity Sub-Fund | KMI-30 Index (Total Return) |
| Equity Index Sub-Fund | Return of the Shariah-compliant index being tracked (Total Return) |
| Total Asset Under Management (AUM) with a single Pension Fund Manager Relating to GoPB employees | Maximum Total Expense Ratio excluding Takaful charges and government taxes and levies (as % of average daily net assets) | Takaful Charges(AS % of average daily net assets) | |||
|---|---|---|---|---|---|
| Money Market | Debt | Equity Index | Equity | ||
| Up to PKR 10 Billion | 0.75% | 0.75% | 1.00% | 1.75% |
To be charged on actual basis to the Participants accounts as per the limits and pricing mutually decided by the Punjab Govt. and PFM
|
| > PKR 10B up to PKR 20B | 0.70% | 0.70% | 0.95% | 1.70% | |
| > PKR 20B up to PKR 30B | 0.60% | 0.60% | 0.85% | 1.60% | |
| > PKR 30B | 0.50% | 0.50% | 0.75% | 1.50% | |
Disclaimer: All investments in Pension Funds are subject to market risks. The investors are advised in their own interest to carefully read the Offering Documents in Particular the Investment Policies mentioned in clause 07 Risk factors mentioned in clause 7.
