Section 31: Pension, insurance, gratuity, provident fund and benevolent fund :

31. Pension, insurance, gratuity, provident fund and benevolent fund :___ (1) The University shall constitute for the benefit of its officers, teachers and other employees in such manner and subject to such conditions as may be prescribed such pension, insurance, gratuity, provident fund and benevolent fund or other welfare schemes as it may deem fit. (2) Benefits in the areas referred to above that are already in operation shall continue to remain in force and shall not be altered to the disadvantage of the beneficiaries who shall be given the option to continue to be governed by its provisions or those that are framed under the provisions of this Ordinance. (3) The provisions of the Provident Fund Act, 1925, (XIX of 1925) where any provident fund is or has been constituted shall apply to such fund as if it were the Government Provident Fund.

Effective date: 2000-01-01

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