Amendment status not verified — confirm the current text below against the official source.
The Bureau may arrange preparation, production, and sale of its publications in such a manner as may be decided by the Syndicate, on recommendation of the Publication Bureau Committee. 5.1. For printing and binding of University publications, the Syndicate shall approve, from time to time a schedule of rates, on the recommendation of the Publication Bureau Committee. 5.2. The Committee shall approve a panel of - (a) Printing Presses; and (b) Binding Houses; and the Vice-Chancellor shall have the authority to allot printing and/or binding of University Publications to Presses/Binding Houses out of that Panel. 5.3. The Vice-Chancellor shall have the authority, in special circumstances, to have a book printed and/or bound by a Press/Binding House not included in the panel, and to determine the rates of printing and binding. Such cases shall be reported to the Syndicate. ________ 179 CHAPTER-X PANJAB UNIVERSITY EMPLOYEES (PENSION)* 1991 EFFECTIVE FROM 24.10.2005** (i) Extent of Application and Definitions **1.1.These regulations which have been issued under Section 31(2)(e) of the Panjab University Act, 1947 (as amended from time to time), be called Panjab University Employees (Pension) Regulations, 1991. 1.2. The provisions of these Regulations shall apply to - **(a) all employees who joined service under the University before 1.1.2004; (b) the employees who retired prior to the date of notification of these Regulations if they specifically elect to be governed by these Regulations by exercising an option as provided in Regulation 1.8 infra. 1.3. In the case of employees governed by these Regulations, the provisions relating to the Contributory Provident Fund and Gratuity, contained in the Regulations Chapter VI ‘Conditions of Service of University Employees’ Calendar Vol. I, 1994 and the rules framed thereunder shall not be applicable. 1.4. These Regulations shall apply to the employees as defined under Regulation 1.5(iii). 1.5. Unless there be something repugnant in the subject or context, the terms defined in this Chapter are used in these Regulations in the sense here explained : (i) “Average Emoluments” means the average calculated upon the last ten months of qualifying service. (ii) “Competent Authority” means the appointing authority or such authority to whom the special powers are delegated. (iii) “Employee” means any person appointed in the service of Panjab University but shall not include person employed on contract, part-time or daily wage basis or Work-charged or employed under the project/scheme financed by the University Grants Commission, or similar other bodies. (iv) “Emoluments” means the emoluments which an employee was receiving immediately before his retirement or date of his death, and shall include basic pay, special pay (including non-practicing allowance granted to medical officers), personal pay, dearness pay (as and when declared by the University) and such other items as may be declared as pay for the purpose of pension by the University. (v) “Qualifying Service” means the service that qualifies for pension under these Regulations. It shall be reckoned in terms of completed half year, provided that the fraction equal to three months and shall be treated as completed half year. (vi) “Registrar” means the Registrar of the Panjab University or any other person exercising the power of the Registrar for the time being. (vii) “Syndicate” means the Syndicate of the Panjab University. (viii) “University” means the Panjab University. *Published in the Government of India Gazette dated October 2, 1993. **Published in the Government of India Gazette dated February 23, 2006. 180 181 PANJAB UNIVERSITY EMPLOYEES (PENSION) **Published in the Government of India Gazette dated February 23, 2006. (ix) “Vice-Chancellor” means the Vice-Chancellor of the Panjab University or any other person exercising the power of the Vice-Chancellor for the time being. 1.6. In the matter of application of these Regulations, regard may be given to the corresponding provisions of Pension Rules contained in the Punjab Civil Services Rules, Vol. II, as amended from time to time, insofar as, these can be adopted to the service in the University, but subject to such exceptions and modifications, as the University may, from time to time, determine through Regulations. 1.7. The Syndicate shall frame rules necessary for the proper application and implementation of the Provisions contained in the Regulations. 1.8. (a) The employees who joined the service of the University before the date of notification of these Regulations shall have the option - (i) to continue to be governed by the Contributory Provident Fund-cum- Gratuity Scheme contained in Chapter VI “Conditions of Service of University Employees” of the Panjab University Calendar, Vol. I, 1994. OR (ii) to elect to be governed by the Pensionary Scheme contained in these Regulations. (b) **(i) In the case of an employee who elects the alternative under sub- clause (a)(ii) above, the total contribution of the University to his C.P. Fund Account as on 24-10-2005 or the date of retirement whichever is earlier, alongwith interest thereon, shall be transferred from his C.P. Fund Account for being credited to the University Pension Fund (Corpus). **(ii) The employee’s share of C.P. Fund, as on 24-10-2005, alongwith interest thereon, shall be transferred to his General Provident Fund Account to which he shall subscribe compulsorily under the rules of that fund as prescribed by the University from time to time. (c) The option shall have to be exercised within such period as may be decided by the Syndicate and once exercised shall be final and irrevocable. (d) Those who fail to exercise the option within the period prescribed under Clause (c) above shall be deemed to have elected for continuing under the C.P. Fund and Gratuity schemes mentioned in sub-clause a (i) above. **(e) The employees who retired prior to 24-10-2005 may, if they so desire, elect to be governed by these Pension Regulations, subject to the condition that they refund the University’s C.P. Fund contribution, including interest thereon, as received by them from the University for being credited to the University Pension Fund (Corpus). The University would neither charge any interest on this amount of the University share of C.P. Fund received by the retiree for the period from the date of his retirement upto the date of his joining the Pension Scheme nor would pay any arrear of pension. The pension may be made available to the employees from the date they deposit their University share of C.P. Fund, including interest thereon. 1.9. An employee who is recruited at the age of thirty five years or more, may within a period of three months from the date of his appointment elect not to be governed by the 182 PANJAB UNIVERSITY EMPLOYEES (PENSION) Regulations of the Pensionary Scheme, where-upon he shall be eligible to be governed by the Contributory Provident Fund and Gratuity Scheme contained in the Regulations “Conditions of Service of University Employees”, Calendar Vol. I, 1994 and the rules framed thereunder. (ii) General Provisions relating to grant of Pension Classification of Pensions 2.1. Pensions are classified as under: