Sri Lanka Consolidated Acts

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Public Service Provident Fund (Amendment) Law (No. 37 of 1975) - Sect 9

Replacement, of section 20 of the principal enactment

9. Section 20 of the principal enactment is hereby repealed and the following new section substituted therefor:
20. Where a contributor to the fund is appointed to a pensionable office in the state service and enters on the duties of such office-
(a) the account of that contributor shall be closed on the day on which he enters on the duties of his new office;
(b) the aggregate amount of the , bonuses credited by Government to the account of that contributor, together with the interest accrued on such bonuses shall be paid to Government out of the fund; and
(c) the aggregate amount of the compulsory contributions and voluntary contributions, if any, made by that contributor to the fund together with interest accrued on such contributions shall be paid to that contributor out of the fund".


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