State of Punjab - Act
Punjab School Education Board (Employees' Pension, Provident Fund and Gratuity) Regulations, 1991
PUNJAB
India
India
Punjab School Education Board (Employees' Pension, Provident Fund and Gratuity) Regulations, 1991
Rule PUNJAB-SCHOOL-EDUCATION-BOARD-EMPLOYEES-PENSION-PROVIDENT-FUND-AND-GRATUITY-REGULATIONS-1991 of 1991
- Published on 2 September 1992
- Commenced on 2 September 1992
- [This is the version of this document from 2 September 1992.]
- [Note: The original publication document is not available and this content could not be verified.]
1. Short Title.
- These regulations may be called the Punjab School Education Board (Employees' Pension, Provident Fund and Gratuity) Regulations, 1991.2. Commencement.
- These regulations shall be deemed to have come into force on and with effect from the first day of April, 1991.3. Condition of qualification for pension.
- Only such Board employees shall qualify for pension who were holding substantively permanent posts on the date of their retirement.4. Extent of application.
- These regulations shall apply to :-5. Definitions.
- Unless there is anything repugnant in the subject or context the terms used in these regulations shall be used in the sense hereinafter explained :6. [ Addition to service qualifying for pension. [Amended vide Board item No. 5(3) dated 26-3-1994 w.e.f. 1.4.1991.]
- An employee shall be eligible to add to his service qualifying for superannuation pension (but not for any other pension) the actual period not exceeding one-fourth of the length of his service or the actual period by which his age at the time of recruitment exceeded twenty five years or a period of five years, whichever is less, if the post to which he is appointed is one:-7. Reduction in pension.
- An employee of the Board compulsorily retired from service as a penalty may be granted by the authority competent to impose such penalty, pension or gratuity or both, at a rate not less than 2/3rd and not more than full compensation pension or gratuity or both, admissible to him on the date of his compulsory retirement.8. Pensionary benefits.
9. Compensation Pension.
- Compensation pension shall be admissible to an employee who is discharged from service due to abolition of the post held by him and it is not possible to provide him job in an equivalent post.10. Invalid Pension.
- It is admissible to an employee on his retirement, who is permanently incapacitated for the service due to bodily or mental infirmity.11. Superannuation Pension.
- It is admissible to an employee who is required by regulations to retire at a particular age.12. Retiring Pension.
- It is admissible to an employee of the Board who seeks voluntary retirement.13. Calculation of Pension.
- If the qualifying service rendered by an employee at the time of superannuation/retirement and invalidity is 10 years (20 half years) or more he shall be entitled to a monthly pension payable for life. It is calculated at the rate of fifty percent of average emoluments if the qualifying service is 33 years (66 half years) or more and if the qualifying service is less than 33 years the pension shall be proportionately reduced. In no case it shall be less than Rs. 375/- per month.Illustration -| 1. Qualifying service | 30 years(Sixty half years) |
| 2. Average emoluments | Rs. 5000/- p.m. |
| 3. Pension will be |
| Rs. 50002| x| 6060| =2272.73 say Rs. 2273 p.m. |
14. Service Gratuity.
- Where the qualifying service of an employee is less than 10 years (20 half years), he shall be entitled to service gratuity payable under the Gratuity Regulations.15. Death-cum-Retirement Gratuity.
- Gratuity shall be payable to an employee as approved by the Board in its meeting dated 28.12.89 vide item No. 8.16. Family Pension.
| Pay of the Employee | Rates of family pension per month |
| i) Upto Rs. 1500 | 60% of pay subject to a minimum of Rs. 750/- |
| ii) Rs. 1501 to 3000/- | 40% of pay subject to minimum of Rs. 900/- |
| iii) Above Rs. 3000/- | 30% of pay subject to a minimum of Rs. 1200/- and maximum ofRs. 2500/- |
| Pay of the employee | Rate of family pension per month |
| i) Upto Rs. 1500/- | 40% of pay subject to a minimum of Rs. 375/- |
| ii) Rs. 1501 to 3000 | 30% of pay subject to minimum of Rs. 600/- |
| iii) Above Rs. 3000/- | 20% of pay subject to minimum of Rs. 900/- and maximum of Rs.1500/- |
17. Definition of Family.
- Family for the purpose of family pension shall include the following relatives of the employee :-18. Duration of family Pension.
- (i) Family pension shall be payable as under :-19. Extraordinary pension and awards.
- Extra-ordinary pension and awards shall be payable in the following cases at the rates/quantum announced by the State Government and approved by the Board from time to time.20. Ex-gratia Grant.
- Ex-gratia Grant shall be admissible to the family of a deceased employee, as approved by the Board in its meeting dated 12.12.1973 vide Item No. 4(2).21. Old age special Allowance.
- Pensioners and Family pensioners who complete 70 years and 80 years of age shall be granted special allowance at the following rates:-| (i) On completion of 70 years age. | 5% of basic pension. |
| (ii) On completion of 80 years age. | 10% of basic pension inclusive of (i) above. |
22. Travel Concession.
- (i) Pensioners (not family pensioners) shall be granted Travel concession equal to one month's basic pension after every block of two years. For this purpose block shall be calculated from Ist January of the year succeeding full two years after retirement.Illustration. - An employee retiring on 30th Sept. 1991 shall be eligible to draw the amount of first travel concession in January, 1994 and thereafter in January 1996 and so on.23. Commutation of Pension.
- (i) An employee shall be entitled to commute, for a lumpsum payment, any portion (consisting of whole rupee) not exceeding one third of his pension which has been or may be granted to him.| Age next birthday | Commutation value expressed as number of years' purchase |
| 59 years | 10.46 |
| 60 years | 10.13 |
| 61 years | 9.81 |