Pension and provident funds

Pension and provident funds.

1. (1) The Board shall constitute for the benefit of its whole-time officers and servants in such manner and subject to such conditions as may be prescribed, such pension and provident funds as it may deem fit.
2. (2) Where any such pension or provident fund has been constituted, the State Government may declare that the provisions of the Provident Funds Act, 1925 (XIX of 1925), shall apply to such fund as if it were a Government Provident Fund.