Amendment status not verified — confirm the current text below against the official source.
(1) All faculty members and other employees from the Central Government, Central University or Autonomous Bodies of Central Government, Government of Puducherry,Government Departments/State University or Autonomous Bodies of Government of Puducherry, Public Sector Undertakings appointed/taken on secondment basis in public interest in the University, shall be allowed to exercise their option whether or not they wish their services to be taken over by the University. However, the final right to entertain the option for permanent absorption in the University will remain with the Board of Governors; Annual Accounts. Association of Other Persons with the Board of Governors. Constitution of Committees by Authorities of the University. Disputes about Constitution of Authorities and Bodies. Removal from Membership of an Authority. Absorption of employees. 268 LA GAZETTE DE L'ETAT [PART–II (2) Where a faculty member or other employee of Central Government/Central University/Autonomous Bodies of Central Government, Government of Puducherry/ Government Departments/State University or Autonomous Bodies of Government of Puducherry/Public Sector Undertaking including a Statutory Body, is permanently absorbed in the University, such past services rendered by him/her which would have been counted for retirement benefits in that Government/Organization in normal course, shall count for retirement benefits payable by the University, subject to the following conditions: (a) The transfer is with the consent of the parent Government/Organization, and is in public interest; (b) The employee has not opted to receive pro-rata retirement benefits from the parent Government/Organization; (c) The Central Government/Autonomous Bodies of Central Government including a Statutory Body, discharges its pension liability, by paying in lump sum or by a one-time payment, the terminal benefits due to the employee such as, pro-rata pension, service gratuity/terminal gratuity and other benefits normally accrued/ due to him for the services rendered by him upto the date of absorption in the University; (d) In case, the employee is on Provident Fund or Contributory Pension Scheme, the accumulations in the Provident Fund or Contributory Pension Fund account shall be transferred to the Scheme account of the University and the capitalized value of gratuity, if any, is transferred by the parent Government/ Organization to the University at the time of permanent absorption. If, however, the 269 PART–II] LA GAZETTE DE L'ETAT employee has opted, within one year of permanent absorption, for counting past service rendered in the parent Body as qualifying for pension by foregoing employer's share of Provident Fund or Contributory Pension Scheme contribution with interest, such accumulations alongwith capitalized value of gratuity, if any, be transferred by the parent Organization to the University at the time of permanent absorption. (3) When a faculty/employee of the Government, as aforesaid, is permanently absorbed in the University, his past services shall be counted for retirement benefits payable by the University provided that the transfer is certified to be in public interest of which the Board of Governors of the University shall be the sole judge, subject to the following:- (a) The transfer is with the consent of the concerned Government/University/ Autonomous Body of the Government or Public Sector Undertaking; (b) The Government/University/Autonomous Body of the Government or Public Sector Undertakings concerned pays to the University at the time of his permanent absorption in the University, the capitalized value of the retirement benefits in respect of past service of the faculty/employee in that Organization; and (c) In case, the faculty/employee in question is on Provident Fund or Contributory Provident Fund Scheme, the accumulations in his Provident Fund or Contributory Provident Fund account shall be transferred by parent Department to the University at the time of permanent absorption. 270 LA GAZETTE DE L'ETAT [PART–II