Section 31 in Punjab School Education Board (Employees' Pension, Provident Fund and Gratuity) Regulations, 1991
31. (i) Maintenance of the fund
(a)The account of the Pension Corpus/Fund shall be maintained by the Finance and Development Officer, Punjab School Education Board;(b)All the transactions relating to Pension Corpus shall be passed through 'Pension Corpus Cash Book', which should be reconciled with the Saving Bank Account's Pass Book at the end of each month;(c)The Board shall maintain a 'Pension Corpus Investment Account Register'.(ii)Investment of FundThe Board may place, such money as is not required for immediate use, in fixed deposit as may be considered in the best interest of the employees".
