Amendment status not verified — confirm the current text below against the official source.
Sub-Section (1) of Section 3 of the Principal Act shall be substituted by the Section 3(1) following, namely :- “Grant of Pension : With effect from the date of commencement of this Act and subject to to Member other provisions of the Act, there shall be paid a life-long pension of ^ 15,000/- (Rupees fifteen thousand) per month with an annual increment at the rate of 5% Simple interest and upto a maximum amount of ^ 22,000/- (Rupees The Mizoram Gazette EXTRA ORDINARY Published by Authority VOL - XLII Aizawl, Wednesday 14.8.2013 Sravana 23, S.E. 1935, Issue No. 416 RNI No. 27009/1973 Postal Regn. No. NE-313(MZ) 2006-2008 Re. 1/- per page -- - 2 - Ex-416/2013 Published and Issued by Controller, Printing & Stationery Department, Government of Mizoram Printed at the Mizoram Government Press, Aizawl. C/500 twenty two thousand) only to every member who had served for any period whether for five years or less or more. Provided that in no case increment previously earned under the existing Act should be taken into account for calculation of Pension”. Amendment of :