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State of Punjab - Section

Section 19 in Punjab Privately Managed Recognized Aided Schools Retirement Benefits Scheme, 2012

19. Subscription and maintenance of General Provident Fund Account.

- An employee being governed by the scheme shall continue to contribute towards the General Provident Fund at the rate prescribed by the Punjab Government for its employees from time to time. An employee may, however, subscribe voluntarily at higher rate than the prescribed rate by the Punjab Government. The Fund shall be regulated in accordance with the rules and procedure specified by the Punjab Government for its employees from time to time.Chapter-V