Amendment status not verified — confirm the current text below against the official source.
Procedure on transfer to Pensionable service (1) If a subscriber is permanently transferred to pensionable service under the University, he shall, at his option, be entitled- (a) to continue to subscribe to the Fund, in which case he shall not be entitled to any pension; or (b) to earn pension in respect of such pensionable service, in which case, with effect from the date of his permanent transfer- (i) he shall cease to subscribe to the Fund; (ii) the amount of contributions by University with interest thereon standing to his credit in the Fund shall be repaid to University; (iii) the amount of subscription together with interest thereon standing to his credit in the Fund shall be transferred to his credit in the General Provident Fund, to which thereafter he shall subscribe in accordance with the rules of that Fund; and 146 (iv) he shall thereupon be entitled to count towards pension, service rendered prior to the date of permanent transfer, to the extent permissible under the Pension Rules. (2) A subscriber shall communicate his option under sub-rule (1) by a letter to the Registrar within three months of the date of the order transferring him permanently to pensionable service; and if no communication is received in the office of the Registrar within that period, the subscriber shall be deemed to have exercised his option in the manner referred to in clause (b) of that sub-rule.