Sri Lanka Consolidated Acts

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Social Security Benefit Scheme for Media Personnel Act (No. 29 of 2006) - Sect 13

Social Security Benefit Fund for Media Personnel

13.
(1) There shall be established a Fund called the Social Security Benefit Fund for Media Personnel (hereinafter referred to as “the Fund”)
(2) The initial capital of the Fund shall be one hundred million rupees and shall be paid out of the Consolidated Fund.
(3) The Board shall have the power to manage, control and operate the Fund.
(4) There shall be paid into the Fund-
(a) all such sums of money as may be voted from time to time by Parliament for the implementation of the Benefit Scheme;
(b) all sums of money paid as contributions to the Benefit Scheme by contributors;
(c) all sums of money earned as interest or profits from investments of the Board;
(d) all sums of money received by the Board by way of donations or otherwise, in the exercise, discharge and performance of its powers, duties and functions under this Act;
(e) all such sums of money received by the Benefit Scheme by way of gifts, grants or donations from any source whatsoever;
(f) all such sums of money that may be vested to the Fund by any Government Department or Public Corporation.
(5) There shall be paid out of the Fund, all sums of money required to defray expenditure incurred by the Board in the exercise, discharge and performance of its powers, duties and functions under this Act.


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