Section 20 of The Jawaharlal Institute of Post-Graduate Medical Education and Research, Puducherry, Act, 2008
Pension and provident funds.
- (1)The Institute shall constitute for the benefit of its officers, teachers and other employees in such manner and subject to such conditions as may be specified by regulations, such pension and provident funds as it may deem fit.
- (2)Where any such pension or provident fund has been constituted, the Central Government may declare that the provisions of the Provident Funds Act, 1925 (19 of 1925) shall apply to, such fund as if it were a Government Provident Fund.
Summary
- The Institute will set up pension and provident funds for the benefit of its officers, teachers, and other employees.
- The rules and conditions for these funds are determined by regulations.
- The Central Government has the power to declare that the Provident Funds Act of 1925 applies to these newly created funds.
- If this declaration is made, the Institute's fund is treated legally as if it were a Government Provident Fund.
Practical examples
FAQ
1. Who benefits from the pension and provident funds created by the Institute?
The funds are for the benefit of the Institute's officers, teachers, and other employees.
2. How are the rules for these retirement funds decided?
The manner and conditions of the funds are specified by regulations.
3. Can the Institute's provident fund be treated like a regular government fund?
Yes, if the Central Government makes a specific declaration applying the Provident Funds Act of 1925.
Test yourself
Q1.Under Section 20 of The Jawaharlal Institute of Post-Graduate Medical Education and Research, Puducherry, Act, 2008, which law can the Central Government apply to the Institute's provident fund?
Q2.Under Section 20 of The Jawaharlal Institute of Post-Graduate Medical Education and Research, Puducherry, Act, 2008, who dictates the conditions under which the pension and provident funds are constituted?
Q3.Under Section 20 of The Jawaharlal Institute of Post-Graduate Medical Education and Research, Puducherry, Act, 2008, what happens if the Central Government applies the specified external Act to the Institute's fund?
Q4.Under Section 20 of The Jawaharlal Institute of Post-Graduate Medical Education and Research, Puducherry, Act, 2008, which group of people are explicitly mentioned as beneficiaries of these funds?