Old Pension Scheme applicable to recruitment staff after 2004

Old Pension Scheme applicable to recruitment staff after 2004

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.

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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.

In general, the higher the potential return, the higher the risk of potential loss.
Although some funds are less risky than others, all funds have some level of risk –
it’s never possible to diversify away all risk also –

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even with so-called money market funds This is a fact for all investments.
Each mutual fund has a predetermined investment objective that tailors the fund’s assets also regions of investments and investment strategies.
At the most basic level, there are three flavors of mutual funds also :
those that invest in stocks (equity funds) also those that invest in bonds (fixed-income funds),
Those that invest in both stocks and bonds (balanced funds), And those that seek the risk-free rate
(money market funds) also.

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