Pension & Provident Fund

60. (1)  The University shall constitute for the benefit of its officers, teachers, clerical staff and other employees in
              suchmanner and subject to such conditions as may be prescribed by the statutes such penbsion, insurance
              and provident fund and institute such other benefits as it may deem fit.
       (2)  Where any such pension, insurance or provident fund has been so constituted or where any such pension,
               insurance or provident fund has been constituted by a college under rules which have been approved by the
               State Government, the State Government may declare that the provisions of the Provident Fund Act, 1925
               (No. 19 of 1925), shall apply to such funds as if it were a Government Provident Fund.