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State of Punjab - Section

Section 17 in Punjab Privately Managed Recognized Aided Schools Retirement Benefits Scheme, 2012

17. Compensation Pension.

- If an employee is discharged by the managing committee owing to the abolition of a whole time aided post, he will, unless he is appointed to another post the conditions of which are deemed to be at least equal to those of his own, have the option: -
(a)of taking compensation pension or gratuity to which he may be entitled for the service he has already rendered; or
(b)of accepting another post under the same managing committee for which he fulfils the prescribed qualifications, if offered and to continue to count his previous service for pension.