Page 105 - GB SUBJECTS NEW - ALL PAGE NO

11. Where an employee is transferred from one post to another in the
same society, he shall, during any interval of duty between the date
of his handing over charge of the old post, and the date of his
taking over charge of the new post, draw the salary of the old or
new post whichever is lower.

12. Fixation of pay on higher post – (i) The initial pay of an employee
on appointment to higher post either in substantive or officiating
capacity shall be fixed at the stage next above the pay arrived at by
notionally increasing his pay in respect of the lower post by one
increment at the stage at which such pay has accrued.

Provided that in no case the employee shall get less than the
minimum of the higher post.

(O) Provident Fund:

1. If the Society attracts the provisions of the Provident Fund Act, it
shall establish provident fund for its regular employees.

2. The fund shall be kept in a separate deposit account with the
Regional Provident Fund Commissioner.

3. As per the Provident Fund Rules, they can withdraw their
provident fund amount, where the Society attracts the statutory
provisions of the Provident fund Act, the deductions and
installments should be made according to the said Act.

(P) Gratuity:

1. For every completed year of service, the regular employee of the
society is eligible to get 15 days of pay towards Gratuity, with a
maximum of Rs.8.00 lakhs, if he has attained the age of
superannuation or has been declared invalid for service by the
Civil Surgeon or has been retrenched or these while in service.
2. With regard to termination or dismissal from service, no Gratuity
shall be paid.
3. The Managing Committee Shall negotiate with the Insurance
Company to adopt uniform Gratuity plan as per the provisions of
Central / State Government Act., for all the employees of the
society.

4. The Managing Committee may facilitate the adoption of suitable
group Gratuity schemes of Insurance Companies by the Society.

93