Citation.
Interpreta tion.
(33 of 1952,
1948 Re- priot, Third Schedule),
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EDUCATION ORDINANCE, 1952.
(No. 33 of 1952).
SUBSIDIZED SCHOOLS PROVIDENT FUND RULES, 1961.
In exercise of the powers conferred by section 44 of the Education Ordinance, 1952, the Governor in Council has made the following rules--
I. These rules may be cited as the Subsidized Schools Provident Fund Rules, 1961.
2. In these rules, unless the context otherwise requires— "Board" means the board of control established in accordance with the
provisions of rule 5;
"continuous contributory service” means, in relation to a teacher, any period of service, irrespective af temporary breaks therein, during which such teacher makes continuous contribution to any provident or superannuation fund approved by the Director for the purposes of these rules, including such contribution to the Fund maintained in accordance with these rules;
"contributor” means a person who contributes to the Fund; “Council" means that body of persons composed of representatives of the subsidized schools appointed by the Director and for the time being known as the Subsidized Schools Council:
"donation" means the Government donation referred to in rule 9; "Fund" means the provident fund established in accordance with the
provisions of rule 3;
"grant school" has the meaning ascribed thereto in the Grant Schools
Provident Fund Rules, 1952;
"Grant Schools Provident Fund" means the provident fund maintained in accordance with the provisions of the Grant Schools Provident Fund Rules, 1952:
"secretary" means the person for the time being appointed in accordance
with rule 5 to be secretary to the Board:
"subsidized school" means a school which is in receipt of Government
subsidies under the terms of the Subsidy Code;
"Subsidy Code" means the code under the terms of which Government
gives subsidies to certain schools;
"treasurer" means the person for the time being appointed in accordance
with rule 5 to be treasurer of the Fond.
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3. (1) There shall be established a fund to be known as the Establish- “Subsidized Schools Provident Fund" which shall consist of-
(a) the contributions of contributors as provided in rule 8; (b) donations from Government as provided in rule 9;
(c) dividends or interest accruing from investments or deposits of
the accumulated capital of the Fund; and
(d) any voluntary subscriptions, legacies or other moneys or bene-
fils bequeathed or donated to the Fund.
(2) For the purposes of the Fund the financial year shall be deemed to run from the 1st day of September in any year until the 31st day of August next following.
meat of the Fund.
4. The object of the Fund is to provide, subject to the provisions Objects of of these rules, for payments to be made upon resignation, retirement or the Fund. dismissal to teachers employed in subsidized schools or to their estates in case of death.
5. (1) The Fund shall be controlled, subject to the provisions Control of of these rules, by a board of control consisting of the following the Fund. members-
(a) a Chairman, who shall be appointed by the Council; (b) the Director or his representative:
(c) the Accountant General or his representative; and
(d) not more than five additional members who shall be con-
tributors and be appointed by the Council.
(2) The Chairman and the five additional members of the Board appointed by the Council in accordance with paragraph (1) shall be appointed for such terms of office, not exceeding two and one-half years, as the Council may determine in each case, and shall-
(a) be subject to dismissal from office at any time by direction of
the Council: and
(b) be eligible for re-appointment to office on the expiration of any
term of office.
(3) The Board shall from time to time, as appears to it expedient, elect from among the membership thereof one member to act as Vice- Chairman and one member to act as secretary for such periods as the Board may respectively require.
(4) The Accountant General shall appoint a treasurer of the Fund who shall not sit as a member of the Board unless so directed by the Accountant General to represent him on the Board.
(5) The cost of the administration of the Fund shall be a charge on the general revenue of the Colony: