National Insurance Trust Fund Act 2006 · As enacted · Part I · Establishement of National Insurance Trust Fund
18. Payments into the Fund
Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk
Official translationFrom Department of Government Printing, unchanged
There shall be paid into the Fund—
such sums of money out of the Consolidated Fund as may be determined by resolution of Parliament for defraying–
all expenditure, including capital expenditure, incurred by the Board in carrying out the provisions of this Act during the period of twelve months commencing on the date of coming into operation of this Act ; and
all capital expenditure incurred by the Board in carrying out the provisions of this Act during the period of twenty-four months commencing on the day immediately succeeding the date of the termination of the period referred to in paragraph (a) of this subsection ;
all monies lying to the credit of the Samurdhi Social
Development Trust Fund created by Trust Deed No.
1538 of October 19, 2005 ;
all monies lying to the credit of the Strike, Riot and
Civil Commotion and Terrorism Fund established in terms of the Cabinet Decision of November 18,
1987, in Account No. 014-1-001-1-1194790 at the
Peoples Bank, Union Place Account and No.
0000001829 at the Bank of Ceylon, Corporate
Branch ;
all sums of money presently being deducted from the salary of public servants for the Agrahara
Insurance Scheme established by Public
Administration Circular No. 5/97 of January 31,
1977 and deposited by the Insurance Corporation of Sri Lanka in the Deputy Secretary’s Account titled
“Government Employees Insurance Account 4225”
at the Central Bank of Sri Lanka ;
the contributions received in terms of section 14
and section 20 of the Act, from every-
public officer, provincial public service officer and local government service officer ; and
person drawing a pension from the government, a Provincial Council or the local government service, as the case may be ; and
every member of the Samurdhi Scheme, the
Farmers Pensions and social security benefits
Scheme, the Fishermen’s Pension Scheme and every self-employed person ;
Every sum paid out of the Consolidated Fund under paragraph (a) of subsection (1) shall constitute a loan from the Government to the Board and shall be repaid in accordance with such terms and conditions as may from time to time be determined by the Minister.
Part II
Staff of the Board
Part III