Sri Lanka Consolidated Acts

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Interim Devaluation Allowance of Employees Act (No. 40 of 1968) - Sect 4

Interim devaluation allowance

4.
(1) On and after the appointed date, every employer of any industrial or agricultural employee shall, in respect of each month, pay such employee an interim allowance, in this Act referred to as an "interim devaluation allowance" calculated at the following rates: -
(a) where such employee is an industrial employee, other than a piece rated industrial employee, and
(i) is remunerated at a monthly rate and his monthly basic wages do not exceed three hundred rupees, or his monthly consolidated wages do not exceed five hundred and five rupees, at the rate of ten rupees per mensem, or
(ii) is remunerated at a daily rate and his monthly basic wages computed at such daily rate do not exceed three hundred rupees, or his monthly consolidated wages computed at such daily rate do not exceed five hundred and five rupees, at the rate of forty cents per diem for each day in respect of which he is entitled to receive wages; or
(b) where such employee is an agricultural employee, other than a piece rated agricultural employee, and
(i) is remunerated at a monthly rate, and his monthly basic wages do not exceed three hundred rupees or his monthly consolidated wages do not exceed five hundred and five rupees, at the rate of seven rupees and fifty cents per mensem, or
(ii) is remunerated at a daily rate and his monthly basic wages computed at such daily rate do not exceed three hundred rupees, or his monthly consolidated wages computed at such daily rate do not exceed live hundred and five rupees, at the rate of thirty cents per diem for each day in respect of which he is entitled, to receive wages; or
(c) where such employee is an Industrial or agricultural employee, other than a piece rated industrial or agricultural employee and is remunerated at a monthly rate, and
(i) his monthly basic wages exceed three hundred rupees but do not exceed three hundred and ten rupees in the case of an industrial employee, or three hundred and seven rupees and fifty cents in the case of an agricultural employee, at the rate specified in Part 1 of the Schedule to this Act and applicable in the case of such employee; or
(ii) his monthly consolidated wages exceed five hundred and five rupees but do not exceed five hundred and fifteen rupees in the case of an industrial employee, or five hundred and twelve rupees and fifty cents in the case of an agricultural employee, at the rate specified in Part II of that Schedule and applicable in the case of such employee; or
(d) where such employee is a piece rated industrial employee, at the rate of forty cents in respect of each complete unit of four rupees comprising his monthly remuneration, so, however, that the maximum amount payable to such employee as an interim devaluation allowance in respect of any month shall not exceed the amount determined by multiplying forty cents by the number of days specified in respect of that month in Part III of that Schedule, or by the number of days such employee has worked in that month, which-ever is greater; or
(e) where such employee is a piece rated agricultural employee, at the rate of thirty cents in respect of each complete unit of two rupees and seventy cents comprising his monthly remuneration, so, however, that the maximum. amount payable to such employee as an interim devaluation allowance in respect of any month shall not exceed the amount deter-mined by multiplying thirty cents by the number of days specified, in respect of that month in Part III of that Schedule, or by the number of days such employee has worked in that month, whichever is greater:
(2) The interim devaluation allowance shall be deemed to be part of the cost of living allowance payable in accordance with the Colombo Consumers' Price Index Figure, or the special allowance payable under the decisions of the Wages Boards constituted under the Wages Boards Ordinance for all purposes, whether of any written law or otherwise, for which such cost of living allowance, or special allowance, as the case may be, is taken into account.


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