Amendment status not verified — confirm the current text below against the official source.
Superannuation benefIts.---(l) Every member of the Fund having forty ye6.' of continuous contribution shall be entitledto Rs. 25,000 (Rupees twenty fi*e thousand only) as superannuation benefit and for lesser period, proportionate amount shall be paid on superannuation. However a member shall be entitiled to an amount of Rs. 5.000 (Rupees five thousand only) provided the period of c6ntribution of the member is not less than thirty six months. A member who has zade his contribution for less than thirty six months and who has defaulted dontribution and ceased to be a member shall be eligible only for the amount of g5 contribution together with interest, if any, accrued thereon standing at his 4redit at the time of closing of accounts. (2) Payment of ex-gratia amount--In the event of death of a member before superannuation and after the contribution for 12 months, an amount as nay be fixed by the Board with the approval of the Government shall .be paid to ,';the eligible persons of the family as ex-gratia in the following order of preference: