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Section 5: Constitution of the Fund

Punjab National Bank Employees’ Pension Regulation, 1995Central Regulations · 1980

(a) The Bank shall constitute a Fund to be called the "Punjab National Bank (Employees') Pension Fund" under an irrevocable trust within one hundred twenty days from the notified date.

(b) 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.

(c) 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 due payments to beneficiaries under these regulations.

Where this provision sits

ActPunjab National Bank Employees’ Pension Regulation, 1995
Section5
Marginal noteConstitution of the Fund
JurisdictionCentral
StatusIn force as published by the source

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