Government of Khyber Pakhtunkhwa, Finance Department issued a Notification on 25-10-2023 in connection with Amendments in the Contributory Provident Fund (CP Fund) 2002 Scheme KP. The details are as under:
Amendments in the Contributory Provident Fund (CP Fund) 2002 Scheme KP
The government of Khyber Pakhtunkhwa’s finance department issued a notification on 25 October 2023 regarding the establishment of the Contributory Provident Fund 2022 scheme. The notice regarding this subject they circulated as V0L- 1/AP&MC/CP fund 2023-23. The secretary of finance established it in the exercise of the power conferred by section 37 of the Khyber Pakhtunkhwa Public Finance Management Act 2022.
The Secretary of Finance announces the contributory Provident Fund 2022 scheme for the employees mentioned in CP fund rules 2022. Therefore, the necessary amendments they enacted in the KPK Civil Servant Act 1973. act number X of 2022. Subsequently, the Finance department Duly notified the Contributory Provident Fund rules 2022 via notification number SOSR-11/FD/2-4/21 cabinet dated 19th August 2023. The letter also contains the case of the district or Tehsil government employees receiving salaries from account four as already in practice for other funds. These funds are like:
- Benevolent Funds
- Retirement Benefit and
- Death Compensation
The government of KPK may follow the same practice of this arrangement. This causes an undue delay in transferring funds. Also, deduct add source and equal amount from the PFC share of the district or tehsil government. Add source deduction he requires to meet in the month following the month in which the deduction Department made from the employee through HR payroll.