Public Service Provident Fund (Amendment)

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Published: 1999

Public Service Provident Fund (Amendment)
Public Service Provident Fund (Amendment)




AN ACT TO AMEND THE PUBLIC SERVICE PROVIDENT FUND ORDINANCE.








BE it enacted by the Parliament of the Democratic Socialist Republic of Sri Lanka as follows :-



[10th December

, 1999 ]













Short title.



1. This Act may be cited as the Public Service Provident Fund (Amendment) Act, No. 45 of 1999.



Amendment of section 2 of Chapter 434.



2. Section 2 of the Public Service Provident Fund Amendment of Ordinance (hereinafter referred to as the "principal enactment') is hereby amended by the insertion immediately after subsection (4) of that section, of the following subsection :-





"(4A) for the purposes of this Ordinance, a person who holds-



(a) the post of Sub-Station Master in the Railway Department; or



(b) a post in the Sri Lanka Police Reserve,



shall be deemed to be a non-pensionable employee in the service of the Government and the monthly allowance paid in lieu of salary to such person shall be deemed to be a monthly salary.".



Amendment of section 4 of the principal enactment.



3. Section 4 of the principal enactment is hereby amended as follows:





(a) in subsection (1) of that section, by the substitution, for the words "six per centum", of the words "eight per centum", and



(b) in the proviso to subsection (2) of that section by the substitution, for the words "six per centum", of the words "eight per centum''. ;



Amendment of section 5 of the principal enactment.



4. Section 5 of the principal enactment is hereby amended by the substitution for the words "six per centum", of the words "eight per centum" .



Retrospective effect and validation-



5.





(1) The amendment made to the principal enactment by section 2 of this Act shall :-





(a) insofar as such amendment relates to a person holding the post of Sub-Station Master in the Railway Department, be deemed for all purposes to have come into force on May 1, 1983 and the compulsory contribution deducted from the salary of any such person and paid to the fund during the period between May 1, 1983 and the date of commencement of this Act, shall be deemed to have been validly deducted and paid ;



(b) insofar as such amendment relates to a person holding a post in the Sri Lanka Police Reserve be deemed for all purposes to have come into force on January 1, 1991 and the compulsory contribution deducted from the salary of any such person and paid to the fund during the period between January 1, 1991 and the date of commencement of this Act shall be deemed to have been validly deducted and paid.



(2) The amendment to section 4 of the principal enactment made by section 3 of this Act, shall be deemed for all purposes to have come into force on January 1, 1995 and the amounts deducted front the salaries of non-pensionable employees and paid to the fund between January 1, 1995 and the date of commencement of this Act, at the rates specified in such section as so amended, shall be deemed to have been validly deducted and paid.



Sinhala text to prevail in case of inconsistency.



6. In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.
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