In these Regulations, unless the context otherwise requires,
(a) "Act" means the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970);
(b) "Actuary" shall have the meaning assigned to it in clause (1) of section 2 of the Insurance Act, 1938 (4 of 1938);
(c) "Appendix" means, an Appendix annexed to these regulations;
(d) "Average Emoluments" means the average of the pay drawn by an employee during the last ten months of his service in the Bank;
(e) "Bank" means ALLAHABAD BANK mentioned under column 2 of THE FIRST
SCHEDULE of the Act;
( f ) "Board" means the Board of Directors of the Bank;
(g) "Child" means a child of the employee, who, if a son, is under twenty-five years of age and if a daughter, is unmarried and is under twenty-five years of age and the expression "children" shall be construed accordingly;
(h) "Competent Authority" means the authority appointed by the Board for the purposes of these regulations;
36 THE GAZETTE OF INDIA : EXTRAORDINARY TPART III—SEC. 41
(i) "Consolidated Wages" means lump sum amount payable to part-time employee belonging to the subordinate staff who is not drawing scale wages;
(j) "Contribution" means any sum credited by the Bank on behalf of employee to the Fund, but shall not include any sum credited as interest;
(k) "Date of retirement" means the last date of the month in which an employee attains the age of superannuation or the date on which he is retired by the Bank or the date on which the employee voluntarily retires or the date on which the officer is deemed to have retired;
(1) "Deemed to have retired" means cessation from service of the Bank on appointment by Central Government as a whole-time Director or Managing Director or Chairman in the Bank or in any other Bank specified in column 2 of the FIRST SCHEDULE of the Act or Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) or in any public financial institution or State Bank of India established under State Bank of India Act, 1955 (23 of 1955);
(m) "Discipline and Appeal Regulations" means the Allahabad Bank Officer Employees' (Discipline and Appeal) Regulations, 1976/1982 made under section 19 of the Act;
(n) "Employee" means any person employed in the service of the Bank on full time work on permanent basis or on part-time work on permanent basis on scale wages and who opts and is governed by these regulations, but does not include a person employed either on contract basis or daily wage basis or on consolidated wages;
(o) "Family" in relation to an employee means:
(a) wife in the case of a male employee or husband in the case of a female employee;
(b) a judicially separated wife or husband, such separation not being granted on the ground of adultery and the person surviving was not held guilty or committing adultery;
(c) son who has not attained the age of twenty-five years and unmarried daughter who has not attained the age of twenty-five years, including such son or daughter adopted legally;
(p) "Financial year" means a year commencing on the 1st day of April;
(q) "Fund" means the "Allahabad Bank (Employees') Pension Fund" constituted under regulation 5;
(r) "Notified Date" means the date on which these regulations are published in the Official Gazette;
(s) "Pay" includes,—
(a) in relation to an employee who has either retired or died on or after the 1 st day of January, 1986, but before the 1st day of November, 1993 —
(i) the basic pay including stagnation increments, if any, and
(ii) all allowances counted for the purposes of making contribution to the Provident Fund anf for the payment of dearness allowance;
37
(b) in relation to an employee who retires or dies while in service on or after the 1st day of November, 1993—
(i) the basic pay including stagnation increments, if any; and
(ii) all allowances counted for the purpose of making contribution to the Provident Fund and for the payment of dearness allowance; and
(iii) increment component of Fixed Personal Allowance; and
(iv) deamess allowance calculated upto index number 1148 points in the All India Average Consumer Price Index for Industrial workers in the series 1960=100;
(t) "Pension" includes the basic pension and additional pension referred to in Chapter VI of these Regulations;
(u) "Pensioner" means an employee eligible for pension under these Regulations;
(v) "Public financial institution" means a financial institution regarded as a public financial institution for the purposes of section 4A of the Companies Act, 1956 (1 of 1956);
(w) "Qualifying service" means the service rendered while on duty or otherwise which shall be taken into account for the purpose of pension under these regulations;
(x) "Retired" includes deemed to have retired under clause (1);
(y) "Retirement" means cessation from Bank's service,—•
(a) on attaining the age of superannuation specified in Service Regulations or Settlements;
(b) on voluntary retirement in accordance with provisions contained in Regulation 29 of these regulations;
(c) on premature retirement by the Bank before attaining the age of superannuation specified in Service Regulations or Settlements;
(z) "Scale wages" in relation to part-time employees means the Basic Pay, City Compensatory Allowance, Special Allowances, House Rent Allowance and other allowances, if any, and dearness allowance payable from time to time under the settlement;
(za) "Service Regulations" means Allahabad Bank (Officers') Service Regulations, 1979/1982 made under Section 19 of the Act;
(zb) "Settlement" means memorandum of settlement agreed between the Management of the Bank represented by the association authorised by them and workmen of such Bank represented by trade unions authorised by them;
(zc) "Trust" means the trust of the Allahabad Bank (Employees') Pension Fund constituted under sub-regulation (1) of regulation 5;
(zd) "Trustee" mean the trustees of the Allahabad Bank (Employees') Pension Fund constituted under regulation 5;
(ze) "Trustee of the Provident Fund" means the trustees of the Provident Fund of the Bank;
(zf) all other words and expressions used in these regulations but not defined, and defined in the Act or the Service Regulations or Settlements shall have the same meanings respectively assigned to them in the Act, the Service Regulations or Settlement, as the case may be.
2395 GI/95 38 i HE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4
CHAPTER II APPLICATION AND ELIGIBILITY