Amendment status not verified — confirm the current text below against the official source.
(1) The Government may, by notification in the Gazette, frame a Self Financing Pension Scheme for the establishment of a Pension Fund for payment of pension to the employees of the societies 84A[and to the employees of the Boards constituted under the provisions of this Act]A[and for the employees of Co-operative Unions in the State] in the manner provided therein and may appoint different dates for the application of the scheme to different classes of societies 84B[or boards]. [(1A) The Self Financing Pension Scheme framed under sub-s. (1) may also provide for payment of pension from the pension fund, at such rates and subject to such conditions and restrictions as may be specified therein, to persons retired from service of any society during the period between 1st January, 1974 and 3rd June,1993 and are alive.] (2) The pension fund established under the Self Financing Pension Scheme framed under sub-section (1) shall vest in, and be administered by, such body or authority as may be specified in the said scheme.] Inserted by Act 16 of 1993. Inserted by Act 24 of 2014, w.e.f. 23/11/2013. Added by Act 24 of 2014, w.e.f. 23/11/2013. Inserted by Act 3 of 2002 w.e.f 4-5-2002. Inserted by Act 9 of 2024 published in K.G.Ext. No.1829 dt. 07/06/2024 (w.e.f. 07/06/2024).