section 43
Pension, gratuity, etc.
The Periyar University Act, 1997Education199764 sections10 chapters
Chapter IX CONDITIONS OF SERVICE
Statutory text
- (1) The University shall institute for the benefit of its officers, teachers and other persons employed by the University, such pension, gratuity, insurance and provident fund as it may deem fit, in such manner and subject to such conditions, as may be prescribed.
- (2) Where the University has so instituted a Provident Fund under sub-section (1), the Government may declare that the provisions of the Provident Funds Act, 1925 shall apply to such funds as if the University were a local authority and the fund a Government Provident Fund.
- (3) The University may, in consultation with the Finance Committee, invest the provident fund amount in such manner as it may determine.
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