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The present study, attempts to find out, how the degree college teachers perceive UGC's Fifth Pay commission regulations (1998) with respect to NET/SET, Contractual/ clock hour basis (CHB) appointments, In service training programmes, Work duration, Promotion conditions, Retirement age, Research and Benefits. Human resource development, at all levels, needs to be given priority and made a part of the nation's overall development strategy. For similar reasons the researcher feels that teachers view in terms of perception study can help in reviewing, monitoring and evaluation of the regulations which is essential for efficiency and effectiveness of education system as a whole.