What is JS Federal Pension Fund?

Overview

The Federal Government has launched the Federal Contributory Pension Scheme to create a more structured and sustainable retirement savings system for the employees of the Federal Government. Within this framework, the JS Federal Pension Fund managed by JS Investments Limited helps employees secure their financial future by building long-term retirement income. The Fund allows participants to grow their savings through regular contributions, which are strategically invested across a range of sub-funds, including Equity, Debt, Money Market, and Equity Index. This diversified approach helps balance risk while maximizing the potential for steady, long-term growth.

JS Federal Pension Fund (JSSPF) is a contributory pension fund managed by JS Investments Limited, with the highest AM1 rating from PACRA. Established under the Federal GovernmentDefined Contribution Pension Fund Scheme Rules 2024, the Fund is designed to help the employees of Federal Government build long-term retirement savings and financial security. Contributions are professionally managed and invested across four diversified sub-funds, Equity Active, Debt, Money Market, and Equity Index to balance risk and generate sustainable long-term returns, providing participants with a reliable source of income after retirement.

Why Invest in JS Federal Pension Fund?

Key Benefits

• Competitive Returns
• Attractive Tax benefits
• Insurance Coverage
• Professional Management
• Diverse Sub-Funds

Who Can Invest in JS Federal Pension Fund?

The JS Federal Pension Fund (JSFPF) is exclusively available to eligible employees of the Federal Government, providing a secure and long‑term retirement savings solution. Eligibility extends to individuals appointed through regular appointment on or after July 01, 2024, including:

• Civil servants of the Federal Government, including civilians paid from Defence Estimates;
• Personnel of the Armed Forces from the date notified by the Federal Government;
• Personnel of the Civil Armed Forces.

However, the following categories are excluded from eligibility:

• Employees appointed on a regular basis prior to July 01, 2024, even if subsequently re‑appointed against other civil posts of the Federal Government;
• Judges of the High Court of Islamabad and the Supreme Court of Pakistan.

Eligible employees remain participants in the scheme until retirement age or separation from Federal Government service, whichever occurs earlier, in accordance with the Federal Government Defined Contribution Pension Fund Scheme Rules, 2024.

For the initial three years from the opening of an Individual Pension Account, all contributions must be invested exclusively in the Money Market Sub-Fund. Participants can only choose other allocation schemes after this three-year period subject to maximum aggregate exposure limit provided in second schedule of FGDC Pension Fund Scheme rules 2024

At Retirement

At retirement, participants can withdraw up to 25% of their accumulated balance, while the remaining amount can be invested in annuity or periodic income plans in the manner prescribed in the VPS Rules, 2005.