Pension fund specification: UTI Retirement Benefit Pension Fund recognised under section 80C(2)(xiv) from assessment year 2006 07. The Central Government specifies the UTI Retirement Benefit Pension Fund, set up by the company referenced in the Unit Trust of India (Transfer of Undertaking and Repeal) Act, as a pension fund for purposes of the pension deduction provision in section 80C, effective for the assessment year 2006 07 and subsequent assessment years.