(1)
There shall be constituted a fund to be called the Pension Regulatory and Development Fund and there shall be credited thereto—
- all Government grants, fees and charges received by the Authority;
- all sums received by the Authority from such other source as may be decided upon by the Central Government.
(2)
The Fund shall be applied for meeting—
- the salaries, allowances and other remuneration of the Chairperson and other members and officers and other employees of the Authority;
- other expenses of the Authority in connection with the discharge of its functions and for the purposes of this Act.