Section 12 in The U.P. Basic School Teachers (Savings-Cum-Insurance) Rules, 1976
12. Termination of Membership. -
(i)The membership of the Scheme in respect of a Member shall terminate upon the happening of any of the following events :-(a)Termination of the Scheme by the State Government;(b)Member ceasing to be in the service of the employer;(c)Member reaching the normal retirement date.Upon termination of membership, the assurance on the life of Member shall cease forthwith and no benefit shall be available thereunder. The assurance does not carry any paid up or surrender value.(ii)Upon the termination of membership, the Member's contribution to the Scheme shall cease and the benefit in respect of him under the deposit Administration Plan shall become payable in terms of Rule 13.
