FCEPGPF Rules 4

Section 4 · Exercise of option

(1)

The option under clause (ii) of sub-rule (1) of rule 2 to opt for these rules shall be exercised in the form appended to these rules so as to reach the competent authority within a period of four months of the date of publication of these rules in the Official Gazette :Provided that -

(a)

where an employee is under suspension on that day, the option shall be exercised within a period of four months from the date of his return to duty;

(b)

in case of an employee, who dies without exercising his option he shall be deemed to have opted for these rules.

(2)

The employees who opt for these rules, shall cease to avail the benefit of Contributory Provident Fund.

(3)

Employees who do not opt for these rules, would continue to be governed by the provisions regarding Contributory Provident Fund as laid down in the Municipal Account Code, 1930.

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