Amendment status not verified — confirm the current text below against the official source.
Retirement/ Death Gratuity (1) (a) An employee, who has completed five years’ qualifying service at the University shall, on his retirement, be granted retirement gratuity equal to one-fourth of his emoluments for each completed six monthly period of qualifying service, subject to a maximum of 16 ½ times the emoluments. (b) If an employee dies while in service, the death gratuity shall be paid to his family in the manner indicated in the nomination made by the deceased, at the rates given in the table below, namely- Length of qualifying service Rate of death gratuity (i) Less than 1 year 2 times of emoluments (ii) One year or more but less than 5 years 6 times of emoluments (iii) 5 years or more but less than 20 years 12 times of emoluments (iv) 20 years or more Half of emoluments for every completed six monthly period of qualifying service subject to a maximum of 33 times of emoluments. Provided that the amount of retirement gratuity or death gratuity payable under this rule shall in no case exceed three lakhs and fifty thousand rupees. Provided further that where the amount of retirement or death gratuity as finally calculated contains a fraction of a rupee, it shall be rounded off to the next higher rupee. (2) If an employee who has become eligible for payment of University’s share of contribution to the Contributory Provident Fund under the rules of the University, dies within a period of five years after he retires from the service of the University, and the sums actually received by him at the time of death on account of University’s share of contribution to the Contributory Provident Fund, together with the gratuity under the sub- rule (1) above is less than the amount equal to 12 times of his emoluments, a residuary gratuity equal to the deficiency shall be granted to his family. (3) For the purpose of determining the amount of Gratuity under this rule, ‘emoluments’ shall mean basic pay which an employee was receiving immediately at the time of relinquishment of service or on the date of his death, as the case may be, including dearness pay, if any, but it will not include special pay, personal pay and other emoluments as pay. EXPLANATION : Stagnation increment shall be treated as emoluments. 148 NOTE : In case the employee concerned was on leave with or without allowances immediately before retirement or death, pay for this purpose will be pay which he would have drawn had he not proceeded on such leave.