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“Item No.IV-15:

Introduction of pension scheme to the staff of PIPMAE who are covered under GPF Scheme:

The Chairman sought clarifications from the Principal

- PEC on the pension scheme operated by them. After an elaborate discussion among the members, the Governing Body approved the proposal for introduction of pension scheme to the staff (119 Nos.) of PIPMAE Society who are covered under GPF Scheme. The Chairman opined to submit a detailed proposal to Government covering the entire facts for obtaining G.O. for implementation of pension scheme and to create a pension fund from the Grant-in-aid released to PIPMATE for payment of pension and other retirement benefits to the GPF covered staff in the PIPMATE society.”