No.2/14/86-4T(1)/7663 GOVERNMENT OF PUNJAB DEPARTMENT OF TRANSPORT (Transport-I Branch) IMMEDIATE OUT TODAY Dated, Chandigarh, the 14 June,

204c43c6aa0f07f5c3bb74de995c4e48068ac5c3 · 1950 · Punjab

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Parent: The Road Transport Corporation Act, 1950 (2900258a3941dbf11082eb4d38a8305be37f4bf5)

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No.2/14/86-4T(1)/7663 GOVERNMENT OF PUNJAB DEPARTMENT OF TRANSPORT (Transport-I Branch) IMMEDIATE OUT TODAY Dated, Chandigarh, the 14 June, 1992 OFFICE MEMO SuB: Grant of pensionary benefits to the employees of PEPSU ROAD TRANSPORT CORPORATION. Please refer to your memo. No. PRTC/HO/CPF/12 dated 12.6.1992 on subject noted above. Draft regulations framed by the Pepsu Road Transport Corporation, Patiala, under section 45 of Pepsu Road Transport Corporation Act, 1950, in consonance with the Government sanction issued vide no.2/14/86-4T(1)/4146 dated 2.4.1992 are approved. Compliance report be sent to Government immediately. A copy of these regulations is enclosed. sa/(K.K Bhatnagar) Secretary to Govt. Punjab To The Managing Director P.R.T.C. Patiala. :: PEPSU ROAD TRANSPORT CORPORATION PATIALA:: No. 5668/PRTC/Funds. Dated.15.06.1992 To The General Manager Pepsu Road Transport Corporation, Patiala-I, Patiala-II, Bathinda-I, Bathinda-II, Faridkot, Budhlada, Barnala, Sangrur, Kapurthala, Ludhiana and Chandigarh. In exercise of the powers conferred by section 45 of the Road Transport Corporations Act,1950, the PEPSU ROAD TRANSPORT CORPORATION, PATIALA, with the previous sanctions of the State Government makes the following Regulations for the grant of retirement benefits to the employees of the PEPSU ROAD TRANSPORATION CORPORATION, namelyREGULATIONS Chapter-1 Short title and commencement: These Regulations shall be called the PEPSU ROAD TRANSPORT CORPORATION Employees Pension/Gratuity and General Provident Fund Regulation ,1992, hereafter called as 'Regulations'. (i) These shall come into force with immediate effect i.e. 15.06.1992, the date of issue. Definitions: In these Regulations unless there is anything repugnant in the subject or context:- Average emoluments: The term e

Rule TOC

3 · Application: (1) These regulations shall apply to the employees of the PEPSU ROAD TRANSPORT CORPORATION, who; (i) were/are appointed on or after the date of issue of Regulations on whole-time and regular basis, and ii) were working immediately before the date of issue of regulations and opt for these regulations.

1 · An employee other than class iv employee who opts for the said Regulations will be entitled to the superannuation pension from the dates he retires after attaining the age of fifty eight years. 2. In case of class iv employees, the date of retirement shall be the date on which he completes sixty years of his age. 3. Pension shall be commuted at the rates of fifty percent of the average pay of the last months. The admissibility of full pension shall be on completing thirty- three years qualifying service. In case the qualifying service for pension is less than thirtythree years, the pension shall first be commuted at the rate of fifty percent of average pay of last ten months and then it will be proportionately reduced. If the pension so commuted falls short of rupees 375/-the same shall be raised to Rupees 375/- in all cases.

20 · Subscription and maintenance of General Provident Fund Account:

24 · Adjustment and Recovery of Dues:

26 · Payment order:

1 · The minimum rate of pension/family pension shall be rs. 1310/- p.m. 2.Fill pension shall be calculated at the rate of 50% of the average

5 · Years and more but up to 12 times the emoluments. 12 years.

3 · For the purpose of calculating the retirement –cum- Death Gratuity, Dearness Allowance admissible to a Government employee on the date of his retirement or on the date of his death shall also be treated as emoluments along with the emoluments as defined in paragraph2.1. above.