Bare ActsKerala Cooperative Societies Employees Self Financing Pension Scheme, 1994

Section 33

Utilisation of the Pension Fund.

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

(1) The Pension Fund shall not be utilised for any purpose other than those specified in this scheme. 15A[Provided that the expenses towards payment of medical allowance and festival allowance to pensioners and family pensioners shall be met from the fund as per the directions of the Government.] [Provided 15A[further] that any person found to be in eligible for pension, for any reason, the amount deposited on his behalf shall be refunded to the Society Concerned.] (2) The Pension Fund shall be operated by the Secretary provided that the limits of withdrawal and expenditure therefrom shall be decided by the board, from time to time. Inserted by Kerala Co-operative Employees Self Financing Pension (Amendment) Scheme, 2010 as S. R. O. No. 1034/2010 in K. G. Ext. No. 2518 dt. 10/11/2010. Inserted by SRO 271/2001.

Section 33 – Kerala Cooperative Societies Employees Self Financing Pension Scheme, 1994 | DailyLaw.ai