Allocation to members replaces payment to central government, altering destination of insurance funds under amendment. The amendment substitutes the phrase "paid to the Central Government" with "allocated to or reserved for the members", redirecting sums previously payable ... Summary
Allocation to members replaces payment to central government, altering destination of insurance funds under amendment.
The amendment substitutes the phrase "paid to the Central Government" with "allocated to or reserved for the members", redirecting sums previously payable to the Central Government to become allocations or reserves for members and thereby changing the statutory destination of those funds.
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