Amendment status not verified — confirm the current text below against the official source.
(1) There shall be established a Pension Fund for payment of pension to the employees of Co-operative Societies to which shall be credited a monthly contribution by the Society at the rate of 8.33% of the pay as specified in clause 2 (g) of each of its employees. (2) Shortages, if any, in the Pension Fund can be met through raising funds from other sources like Government/Societies/Co-operative Development Fund etc. (3) The Pension funds shall vest in and be administered by the Board.