section 40
Pension and provident fund
Dr. Yashwant Singh Parmar University of Horticulture and Forestry, Solan Act, 1985Environmental198557 sections
Statutory text
- (1) The University shall constitute for the benefit of its officers, teachers, clerical staff and other employees in such manner and subject to such conditions, as may be prescribed, such pension, insurance and provident fund as it may deem fit.
- (2) For such pension, insurance and provident fund so constituted by the University, the Government may declare that provisions of the Provident Fund Act, 1925 (19 of 1925) shall apply to such fund as if it were a Government Provident Fund: Provided that the University shall have power to invest the provident fund amount in such manner as it may determine.
- (3) Persons in Government services transferred or re-employed in the University shall be governed under such terms and conditions as may be agreed to between the University and the Government.
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