53 Contributory Provident Fund
An employee other than a borrowed employee shall be entitled to the benefits of the Contributory Provident Fund of the Institute subject to and in accordance with the provisions in the Second Schedule.

54 Gratuity
Gratuity shall be payable to an employee of the Institute on the termination of his employment after he has rendered continuous service for not less than five years (a) on his superannuation, or (b) on his retirement or resignation, or (c) on his death or desablement due to accident or disease as admissible under the payment of Gratuity Act 1972 irrespective of his salary range.

55 Special Benefits for Employees Forgoing their Personal and other benefits
The Executive Council, with a view to relieve a permanent employment of the Institute who, having been in the permanent service elsewhere, has opted for permanent employment under the Institute, of any loss caused by such option, after taking into account any monitory benefits granted to the employees, may direct that:

1. the contributory Provident Fund Account of such employee shall be credited with a special contribution of a specified amount; and
2. any period of service in full or in part of such employee under the previous employer shall be regarded as service under the Institute for the purpose of these bye-laws