Widows' And Orphans' Pension Fund (Amendment)

Link to law: http://www.lawnet.lk/process.php?st=1998Y0V0C57A&hword=%27%27&path=2
Published: 1998

Widows'And Orphans' Pension Fund (Amendment)
Widows'And Orphans' Pension Fund (Amendment)




AN ACT TO AMEND THE WIDOWS' AND ORPHANS' PENSION FUND ORDINANCE








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



[15th December

, 1998 ]













Short title.



1. This Act may be cited as the Widows' and Orphans' Pension Fund (Amendment) Act, No. 57 of 1998.



Insertion of new section 49A in chapter 431



2. The Widows' and Orphans' Pension Fund Ordinance is hereby amended by the insertion, immediately after section 49 of that Ordinance of the following new section which shall have effect as section 49A of that Ordinance :-







"Refund of all contribution in certain cases.



49A.





(1) Notwithstanding anything to the contrary in this Ordinance, where on or after the date on which this section comes into operation, a contributor who is a widower without children-





(a) retires from the public service on pension;



(b) leaves the public service by resignation, transfer or otherwise; or



(c) dies whilst in the public service,



such contributor or the legal personal representative of such contributor as the case may be, shall be entitled to a refund of all the contributions of such contributor together with compound interest thereon at, two and a half per centum per annum :



Provided that a contributor who has retired from, or left, the public service before reaching the age of fifty-five years, shall not be entitled to such refund until he attains such age.



(2) Any contributor who receives a refund under this section shall have no further claim upon the fund.



(3) Notwithstanding any thing to the contrary in this act any contributor referred to in subsection (1) who has prior to the date on which this section comes into operation received a refund of any contribution may claim the benefit of this section only if she pays back the amount of such refund within one year from the said date together with compound interest there on at two and a half per centum per annum.



Sinhala text to prevail in case of inconsistancy.



3. In the event of any inconsistency between the sinhala and Tamil texts of this act, the Sinhala text shall prevail.
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