Section 2 in Reserve Bank of India Pension Regulations, 1990
2. Definitions.
- In these Regulations, unless the context otherwise requires :-(1)"Act" means the Reserve Bank of India Act, 1934 (2 of 1934) ;(2)"Average Emoluments" means the average of pay drawn by an employee during the last 10 months of his service ;(3)"Bank" means the Reserve Bank of India ;(4)"Central Board" means the Central Board of Directors of the Bank constituted under the Act ;(5)"Competent Authority" shall have the same meaning as in the Reserve Bank of India (Staff) Regulations, 1948 ;(6)"Date of Retirement" means the date on which an employee attains the age of superannuation or he is retired by the Bank or the date on which the employee voluntarily retires ;(7)"Employee" means any person employed in the service of the Bank on full-time work or on part-time work exceeding thirteen hours per week but shall not include a person employed on contract basis or on daily-wage basis ;(8)"Family" means,(a)wife in the case of male employee and husband in the case of female employee, [provided the marriage took place before retirement of the employee] [Deleted by amendment vide A. C. No. 8 dated June 14, 1996.] ;(b)son who has not attained the age of twenty five years and unmarried daughter who has not attained the age of twenty five years, including son or daughter adopted legally before retirement, but shall not include son or daughter adopted after retirement ; however, a posthumous child is [included] [Substituted for 'is entitled for the grant of family pension' vide AC No.8 dated June 14, 1996.];(9)"Pay" includes -(a)substantive pay,(b)officiating pay,(c)special pay,(d)personal pay,(e)special personal pay,(f)any other emoluments which may be classified as pay by the Central Board of the Bank ;(10)"Pensioner" means an employee eligible for pension under these Regulations;(11)"Qualifying service" means service rendered while on duty or otherwise which shall be taken into account for the purpose of pension under these Regulations;(12)"Retirement" means retirement in terms of Staff Regulation 26 and other instructions issued by the Bank under Settlements/Awards;(13)"Staff Regulations" means the Reserve Bank of India (Staff) Regulations, 1948.
