Amendment status not verified — confirm the current text below against the official source.
Any case not coming within the purview of the Regulations and/or Rules approved by the Syndicate, for non-teaching employees, may be decided in such manner as the Senate in the case of employees of Class A and the Syndicate in the case of employees of Class B and C may deem fit. PROVIDENT FUND 14.1. A Provident Fund called the *Panjab University Provident Fund shall be established for the benefit of the employees of the University. 14.2. Every whole-time employee of the University appointed against a substantive post, shall, as a condition of his service, be required to become a depositor in the Panjab University Provident Fund. 14.3. Any whole time employee temporarily appointed may contribute towards the Provident Fund from the date of his appointment but the University contribution shall be credited to his account from the date of his appointment only after confirmation, provided that there has been no break or interval between the termination of the temporary appointment and the commencement of the permanent appointment. CONDITIONS OF SERVICE * Provisions of the Provident Fund Act apply to the Provident Fund established for the benefit of the Employees of the Panjab University (vide Government of India’s Notifications No. F.29-I.R-II/34 and No. F.29-1-(a)-R-II/34, dated 3rd May, 1934, and vide Punjab Government Education Department, Notification No. 482.C-24/253-9925, dated, Simla, the 19th March, 1953 and vide Punjab Government Finance Department Notification No. 5523 (4) FRI-66-15201, dated 18-8-1966). 129 14.4. The Syndicate shall also have power to permit any whole-time employee of the following categories to become a despositor in the Provident Fund: (i) appointed against temporary *post not likely to be made permanent. (ii) holding appointment for a fixed term. 14.5. The Syndicate may, at their discretion, allow a permanent employee to continue to be a depositor in the Fund even during the period of his absence on leave without pay, or any other programme approved by the Vice-Chancellor for this purpose, but he shall not be entitled to University contribution during this period. 14.6. The rate of subscription of an employee to the fund shall be ten per cent of the +salary of the depositor. The subscription of the University to the fund shall also be 10% of the +salary of’ the depositor. Provided that - (i) when the calculation involves paise amounting to less than 50 it shall be ignored and when it amounts to 50 paise or more, full rupee shall be deducted. Such subscriptions shall be deducted month by month from the +salary of each depositor by the Registrar or other Officers of the University whose duty is to pay it and the amount deducted shall be paid into the University funds to the credit of the depositor. **(ii) an employee may be permitted to subscribe towards non-contributory Provident Fund, provided the total subscription towards Provident Fund i.e. contributory (10 per cent as well as non-contributory shall not exceed 60% of the monthly salary of the subscriber). (iii) a University employee shall not be entitled to University contribution towards his Provident Fund during the period of leave/furlough after retirement; (iv) Provident Fund-contribution shall be made on +salary and not on leave allowances for the period that the depositor is on leave or furlough while in service. 14.7. A sum equal to the amount subscribed by the employees on the basis of 10% of their ++salary during the month shall be contributed at the end of each month to the Provident Fund by the University and such portion of the amount so contributed shall be credited to the account of the depositor. Provided that in the case of a person appointed on probation, the University contribution shall be credited to his Account, on confirmation, from the date of his appointment. Provided further that – (i) the benefit of University contribution to the fund of an employee shall be as under: (a) Nil, if the period of service put in by an employee is one year or less; (b) Half the amount of the University contribution will be paid if the period of service put in is more than one year but less than five years; and (c) Full amount of the University contribution will be paid if the period of service put in is more than five years or at the time of superannuation irrespective of the period of service. CONDITIONS OF SERVICE * To apply to those who were appointed in 1955 or thereafter. + Salary (for CPF deductions) means ‘Pay’ plus all allowances, excluding house rent allowance. ** To take effect from 1.4.1983. ++ Salary (for CPF deductions) means ‘Pay’ plus all allowances, excluding house rent allowance. 130 Provisions of clause (i) shall not apply to persons who joined the University service before 17-3-1962. (ii) No employee of the University, who has, in the opinion of the Syndicate, been guilty of dishonesty or other gross misconduct and has been consequently dismissed from his employment, shall be entitled to the benefit of, or to receive any part or share in, any sums at any time contributed by the University to the fund on his account or the accumulated interest or profits thereof and the University shall be entitled to recover, as the first charge, from the amount for the time being at the credit of an employee a sum equivalent to the amount of any loss or damage at any time sustained by the University by reason of his dishonesty or negligence, but not exceeding in any case the total amount of contribution credited to his account by the University and of any interests or increment which has accrued on such contributions. This shall also apply to a member of the University teaching staff who fails to comply with the requirements of the Bond which he may have executed for grant of leave, etc. 14.8. The following members of the University Press staff shall be entitled to subscribe to the Provident Fund in accordance with the provisions of the Provident Fund Act of 1952: (i) those working on daily wages; (ii) those who are still temporary; and (iii) those recruited on or after 15-11-1961. 14.9. The University shall pay interest on all sums deposited in the Provident Fund and the amount of interest shall be credited to the account of each depositor at a rate and in the manner to be decided by the Syndicate from time to time. 14.10. For purposes of calculation of half-yearly interest payable to the depositor, amount less than 50 paise will be ignored. If the amount comes to more than 50 paise, it shall be rounded off to a full rupee. 14.11. The Registrar shall cause to maintain proper accounts relating to the Fund, showing the account for the time being at the credit of each depositor, and the general state of the Fund, in such form as the Syndicate may, from time to time, prescribe. Each depositor shall be supplied with ‘Statement’ which shall show the amounts for the time being at the credit of the depositor and which shall be in such form as the Syndicate may, from time to time, prescribe. 14.12. Subject to the provisions of Regulation 14.6, the amount standing in the Fund to the credit of a subscriber shall become payable on the death of a subscriber or on his quitting the service of the University. Provided that an employee who, on reaching the age of retirement, is granted extension in service, may be permitted to withdraw fifty per cent of the Provident Fund standing at his credit. 14.13. In case of leave granted preparatory to retirement a subscriber may, at the discretion of the Vice-Chancellor, be permitted to withdraw up to ninety per cent of his assets in the Provident Fund. If, under any exceptional circumstances, the subscriber does not retire at the end of the leave, the full amount withdrawn shall be refunded as a condition of continued employment. This payment shall not affect the rules in regard to subscriptions during such leave or the claim to bonus or on the interest on the balance. 14.14. A depositor may make a declaration signed by him and attested by two CONDITIONS OF SERVICE 131 witnesses, in his Provident Fund Service Book stating the name or names of the persons to whom he desires that in the event of his death the whole or any part of the amount of his deposit shall be paid.Such nomination may at any time, be revoked by the subscriber or replaced by a fresh nomination. If the employee has made such a declaration then the payment shall be made in accordance therewith and no succession certificate shall be required. On such payment being made, the University shall be absolved of all liability in connection therewith. 14.15. Every employee, on leaving University service. or on retirement, shall claim payment of Provident Fund standing at his credit within one year of its becoming due. Interest on the Provident Fund shall not be paid to any employee from the date of expiry of one year of his leaving University service or his retirement. 14.16. The Syndicate may, from time to time, make rules consistent with these regulations and with the provisions of the Provident Funds Act, 1925, for- (a) the conduct of the business of the Fund; (b) payment of interest on the Provident Fund maintenance or proper accounts of this fund declaration to be signed by the employee for payment of his Provident Fund to his nominee in the event of his death, and other procedural matters; (c) any matter relating to the Fund, or its management, or the investment of sums at credit of the Fund, or the privilege of the depositor not herein expressly provided for, and may add to, vary or cancel any rule so made. 15.1. A University employee at the time of his retirement shall be granted by the Senate in the case of a Class A employee and the Syndicate in the case of a Class B or C employee, a gratuity of a sum equivalent to one fourth of his *‘Pay’ for each completed six monthly period of qualifying service subject to 16½ (sixteen and a half) in the case of Class A & B employees and 17½ (seventeen and a half) times the *’Pay’ in the case of a Class C employee provided that in no case gratuity shall exceed the amount as fixed by the Punjab Government from time to time for its own employees. ** In calculating the qualifying service, a fraction of a year equal to three months and above shall be treated as a completed one half year and reckoned as qualifying service for determining the amount of gratuity. In the event of death of any- employee while in service the gratuity from 1.1.1986 shall be admissible at the rate as prescribed by the Punjab Govt. from time to time for its own employees who pass away while in service. 15.2. The service rendered by an employee under the Central Govt./Central Autonomous Body or State Govt./State Autonomous Body, recognised Universities/other recognised educational institutions including institutions deemed to be Universities, shall, in his/her absorption in University service count for gratuity, subject to the following conditions:- (i) If he was born, on pensionable establishment, the service rendered by him shall be allowed to be counted towards gratuity under the University irrespective of the fact whether he was temporary or permanent in the previous organisation. The previous organisation shall discharge its gratuity liability by paying in lumpsum as one time payment the pro-rata gratuity/service gratuity, death gratuity and retirement gratuity for the service upto the date of absorption in University service, pro-rata gratuity being determined with CONDITIONS OF SERVICE * ‘Pay’ as defined by the Punjab Government from time to time. ** To take effect from 17-8-1983. 132 reference to the commutation table prescribed under Regulation 7.2 The lumpsum payable on commutation shall be calculated in accordance with the table that may be prescribed as per Punjab Govt. rules, from time to time. (ii) If he was enjoying C.P. Fund benefits under the previous organization, he will have the option either to receive C.P. Fund benefits which have accrued to him from the previous organisation and start service afresh under the University or choose to count his previous service fur gratuity under the University by foregoing employer’s share of C.P. Fund with interest received from the previous organization which shall stand transferred to the University. 15.3. In the case of an employee who dies while in service, the gratuity may be granted after his death to the person whose name has been Registered under Regulation 14.14. 15.4. An employee shall be governed by the new Regulations unless he opts to be governed by old Regulations within one year from the date the new Regulations come into force.