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Section 5: Constitution of the Fund

Corporation Bank (Employees’) Pension Regulations, 1995Central Regulations · 1970

(1) The Bank shall constitute Fund to be called the Corporation Bank (Employees’) Pension Fund under an irrevocable trust within one hundred twenty days from the notified date.

(2) The Fund shall have for its sole purpose the provision of the payment of pension or family pension in accordance with these regulations to the employee or his family.

(3) The Bank shall be a contributor to the Fund and shall ensure that sufficient sums are placed in it to enable the trustees to make payment to beneficiaries under these regulations.

Where this provision sits

ActCorporation Bank (Employees’) Pension Regulations, 1995
Section5
Marginal noteConstitution of the Fund
JurisdictionCentral
StatusIn force as published by the source

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