Section 47 in The Anna University of Technology, Madurai Act, 2010
47. Pension, Gratuity, etc.
(1)The University shall institute for the benefit of its officers, teachers and other persons employed by the University, such pension, gratuity, insurance and provident fund as it may deem fit, in such manner and subject to such conditions as may be prescribed.(2)Where the University has so instituted a provident fund under subsection (1), the Government may declare that the provisions of the Provident Funds Act, 1925 (Central Act XI of 1925), shall apply to such funds as if the University were a local authority and the fund a Government Provident Fund.(3)The University may, in consultation with the Finance Committee, invest the Provident Fund in such manner as it may determine.
