Section 16A of The Banaras Hindu University Act, 1915
1[16A. Pension or Provident Fund.--The University shall constitute for the benefit of its officers, teachers and other 2[employees] such pension or provident fund 3[or provide such insurance scheme] as it may deem fit in such manner and subject to such conditions as may be prescribed by the Statutes.]
Summary
- The University is required to establish a pension fund, a provident fund, or an insurance scheme.
- These financial benefits are created specifically for the officers, teachers, and other employees of the University.
- The specific rules, manner of operation, and conditions for these benefits are determined by the Statutes.
Practical examples
FAQ
1. Does the University have to offer all three types of financial benefits?
No, the University can choose to provide a pension fund, a provident fund, or an insurance scheme as it sees fit.
2. Are university students covered by this section?
The section explicitly names officers, teachers, and other employees. It does not mention students.
3. Where are the detailed rules for these retirement funds recorded?
The specific rules and conditions are prescribed by the Statutes of the University.
Test yourself
Q1.Under Section 16A of The Banaras Hindu University Act, 1915, which document must contain the conditions for the University's pension or provident fund?
Q2.Under Section 16A of The Banaras Hindu University Act, 1915, which groups of people are legally designated to benefit from the pension or insurance schemes?
Q3.Under Section 16A of The Banaras Hindu University Act, 1915, what specific financial alternatives can the University choose to provide for its employees?
Q4.Under Section 16A of The Banaras Hindu University Act, 1915, what level of discretion does the University have in creating these benefits?