Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

National Savings Bank Act (No. 30 of 1971) - Sect 35

Funds and schemes for benefit of officers and servants of the Bank and dependants

35.
(1) The Board may establish and regulate a pension scheme or provident fund for the payment of pensions, gratuities or retiring allowances to officers and servants of the Bank and a widows' and orphans' pension fund or scheme for providing pensions to the widows and orphans of deceased officers and servants of the Bank.
(2) The Board may establish and regulate other funds or schemes, including housing schemes, and the grant of loans on the security of immovable property in connection therewith, for the benefit of officers and servants of the Bank and their dependants.
(3) The Board may require contributions to be made, to any scheme or fund established and regulated under this section, by officers and servants who or whose dependants are benefited thereby, and may deduct such contributions from their salaries and wages and may make contributions to any such scheme or fund from the revenues of the Bank.


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]