Bare ActsKerala Cooperative Societies Employees Self Financing Pension Scheme, 1994

Section 24

Rate of family pension.

Amendment status not verified — confirm the current text below against the official source.

[(1) the rate of family pension, in case of an employee who dies while in service shall be at the proportionate rate as would have been admissible had he retired from service on that date and it shall not be less than Rs. 500 till the date he would have Continued in service and afterwards, fifty per cent of pension subject to a minimum of Rs. 400.] (2) The minimum family pension shall be [four hundred rupees] per mensem. (3) In calculating the Family Pension, fractions of a rupees amounting to fifty paise or more shall be rounded off to the nearest higher rupees and fractions less than fifty paise shall be ignored. (4) [x x x] Substituted by SRO 271/2001. Substituted by SRO 271/2001. Omitted by SRO 271/2000.

Section 24 – Kerala Cooperative Societies Employees Self Financing Pension Scheme, 1994 | DailyLaw.ai