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Section 34: Pension, gratuity, etc

J.s.s. Science and Technology University Act, 2013State Act of Karnataka · Act 43 of 2013

(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 instituted a provident fund under sub-section (1), the Government may declare that the provisions of the Provident Funds Act, 1925 (Central Act XIX of 1925) shall apply to such fund 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.

Where this provision sits

ActJ.s.s. Science and Technology University Act, 2013
Section34
Marginal notePension, gratuity, etc
JurisdictionState of Karnataka
StatusIn force as published by the source

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