[(1) The fund for the employees, who are members of the provincialised and non-provincialised service, shall be kept and administered by the concerned Commissioner.]3
(2) The monthly contribution as specified in sub-rule (2) of rule 5, shall be Punjab Municipal Corp.Empl.Pension &Gen. Prov. Fund Rules,1994, Rule 4 3
1. Substituted by Punjab Notification No. G.S.R.22/P.A.42/1976/Ss. 71 and 397/Amd.(3)/2007 dated
27.7.2007.
2. Substituted for "ten per cent of the basic pay" by Punjab Notification No. G.S.R. 46/P.A./45/1976/Ss. 71 and 397/Amd.(1)/2006. dated 17.10.2006.
3. Substituted by Punjab Notification No. G.S.R.22/P.A.42/1976/Ss. 71 and 397/Amd.(3)/2007 dated
27.7.2007.
drawn out of the Corporation Fund and credited into the Fund through a bank draft by the Drawing and Disbursing Officer of the Corporation not later than the seventh day of the month following the month to which these contributions relate and in the event of any default in making contribution within the stipulated period, the defaulting Corporation shall pay interest at the rate of eighteen per cent per annum for the period of default on the amount so defaulted.
(3) All payments to be made to the employees under these rules shall be paid through a bank, as specified in sub-rule (3) of Rule 5.
Rule 7