THE PUNJAB DEFINED CONTRIBUTION PENSION SCHEME RULES, 2025 —- They shall come into force at once. This Scheme means the Defined Contribution Pension Scheme as specified in Section 18-A of the Act and the Rules and governed in accordance with the Voluntary Pension Scheme Rules, 2025 and the Non-Banking Finance Companies Regulations, 2008, in which both the employer and employee contribute, as per the First Schedule, to the employee’s pension account, opened with an Eligible Pension Fund Manager of the employee’s choice and such contributions are invested in an employer pension fund, as defined under the Voluntary Pension System Rules, 2005, either in a conventional fund or a Shariah complaint fund, as selected by the employees, until the employee attains retirement age, and the accumulated balance in the pension account at the time of retirement is withdrawn or invested further to generate monthly income during the post-retirement phase, subject to exceptions under the rules.