New Defined Contribution Pension
Scheme being introduced with effect
from 1.4.2005.
Government of Gujarat,
Finance Department,
GR No. NPN-2003-GOI-10-P
Sachivalaya, Gandhinagar
Date: 18.3.2005
1. An announcement was made by the Central Government in the Parliament during
presentation of the Budget of 2003-2004 to introduce a new structured known as
Contributory Pension Scheme for the candidates to be recruited in the services of
the Central Government. As one of the measures towards this end, the
Government of India has introduced a New Defined Contribution Pension Scheme
with effect from 1.1.2004 for it's employees except the Armed Forces. The
Government of India has also framed an interim method as detailed rules and
regulations were to be framed for the implementation of this Scheme
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