Section 23(ii) in Punjab School Education Board (Employees' Pension, Provident Fund and Gratuity) Regulations, 1991
(ii)For calculating the lumpsum payment for commutation, the instructions of the State Government/Provisions of C.S.R. Rules in force at present shall be applicable. Any further revision shall be adopted with the prior approval of the Board. A few entries of the table, currently in force, are given below as illustration :-
