Amendment status not verified — confirm the current text below against the official source.
(1) Every employee of a society to which this scheme applies shall, subject to the other provisions of the Scheme, be eligible pension under this Scheme: Provided that an employee, who has received the contributory Provident Fund shall be eligible for pension only on the refund of that portion of the employees' contribution in the Contributory Provident Fund together with interest thereon to Pension Fund before applying for pension. 2C[Provided further that an employee of a society coming under the administrative cntrol of the Functional Registrars to whom this Scheme apply, shall subject to the other provisions of the Scheme be eligible for pension under the Scheme if the society remits to the Pension Fund, the entire portion of Society's contribution with interest, with a minimum of Fifty Thousand rupees except in the case of invalid pensioners. The initial remittance will be treated as initial contribution.] 2D[Explanation.-- For the purposes of this Scheme 'Functional Registrar' means an officer of the Department other than Co-operation Department to whom the powers of Registrar of Co-operative Societies are conferred under sub-section (2) of Section 3 of the Kerala Co-operative Societies Act, 1969 (21 of 1969)] (2) An employee who has been dismissed or removed for misconduct, insolvency or inefficiency shall not be eligible for pension: Provided that the authority to impose such penalty may, recommend to the Board to grant compassionate allowance to the employee so dismissed or removed in deserving cases; Provided further that such compassionate allowance shall not exceed two third of the pension which would have been admissible to him, had he retired on the date of dismissal or removal, as the case may be. Substituted by SRO 725/10 published in K. G. Ext. Vol. 55 No. 1648 dt. 21/07/2010 w. e. f. 21/07/2010. Inserted by Kerala Co-operative Employees Self Financing Pension (Amendment) Scheme, 2010 as S. R. O. No. 1037/2010 in K. G. Ext. No. 2522 dt. 11/11/2010.