F New Defined Contributory Pension Scheme :
The State Government has introduced a New Defined Contributory Pension Scheme with effect from 1.4.2005 vide Finance Department’s Resolution No. NPN/2003/GOI/10/P dated 18.3.05. As proposed in the said resolution, all the functions regarding the maintenance of the records, in respect of contributions by employees and the State Government, interest earned thereon, funds being transferred to the Fund Managers as well as the co-ordination with the Central Record Keeping agency, investments, accounting process etc. is being dealt by this office.
F Assessment of Pension Liabilities :
The State Government, vide Finance Department’s Resolution No. PNL / 2003 / GOI / 7 / P dated 27.7.2005, has initiated a project in consultation with the World Bank, New Delhi, under the instructions of the Central Government, with a view to collect the details of all the employees of all the administrative departments of the Government, Heads of Departments, Heads of Offices, Semi Government Offices, Boards/Corporations/Autonomous bodies where the retirement benefits or grants relating thereto is paid by the State Government and details of all the pensioners or family pensioners whose pension expenditure is incurred by the Government of Gujarat. The details are being collected under this project for assessment of retirement benefits with reference to the prevailing pension scheme and the same will be reviewed on regular interval and it has been also planned to make the data, web-enabled to facilitate monitoring the details of employees of various cadres retiring in future so as to enable the concerned to initiate pension paper well in advance.
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