Sri Lanka Consolidated Acts

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

Widows'And Orphans' Pension Fund (Amendment) Act (No. 57 of 1998) - Sect 2

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 :-
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,
(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.


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