PESHAWAR: The Khyber Pakhtunkhwa government has reported that nearly Rs 30 billion has been contributed by civil servants to the Retirement Benefit and Death Compensation (RBDC) Fund since its launch, with Rs 16.9 billion disbursed to eligible claimants.
The data was shared in a white paper issued on Saturday.
The RBDC Fund was established under the KP Civil Servants Retirement Benefits and Death Compensation Act, 2014, and became operational in November the same year. It is a contributory scheme aimed at providing financial protection to civil servants and their families in cases of retirement, disability, or death while in service.
Unlike other provincial funds, the RBDC Fund does not receive equity support from the government. It is financed entirely through civil servant contributions, similar to the Benevolent Fund model.
The Fund is managed by the Finance Department through a dedicated Fund Management Unit.
A twelve-member board, chaired by the Chief Secretary and including ten ex-officio government members and two civil servant representatives, provides strategic oversight. The Secretary of Finance leads a separate Management Committee responsible for processing claims and ensuring the timely disbursement of benefits.
The provincial government aims to further develop the Fund by improving its investment portfolio, adopting digital systems to streamline service delivery, and ensuring faster claims processing.
Authorities are also planning periodic reviews of the Fund’s benefit structure, which could include expanded pre-retirement and post-retirement support. Additional efforts will focus on enhancing institutional capacity, improving governance, and engaging with professional fund managers for more efficient investment management.
