Amendment status not verified — confirm the current text below against the official source.
Pension and Provident Funds.- The University shall constitute for the benefit of its employees, in such manner and subject to such conditions as may be prescribed by the Regulations, such pension, insurance and provident funds as it may deem fit: Provided that, current employees shall continue to get the benefits of either the old pension or the new pension scheme as they are entitled in the existing University Visvesvaraya College of Engineering (UVCE). It shall not be altered to their disadvantage.