Grant-in-aid on Account of Terminal Benefits) Act, 2016
Grant-in-aid on Account of Terminal Benefits) Act, 2016
This law prevents the Punjab state government from paying grant-in-aid for terminal benefits, specifically gratuity and leave encashment, to privately managed aided colleges. It directly affects these colleges along with their working and retired employees. This legislation is significant because it protects the state exchequer from unjustified financial liabilities by declaring that the government is not responsible for these retirement expenses, retrospectively effective from March 1979. Additionally, the Act bars civil courts from hearing any legal disputes regarding these benefits. Ultimately, this ensures the colleges themselves, rather than the state, must fund their employees' terminal benefits.
Part I GOVERNMENT OF PUNJAB
PDF: pending for this language.