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srilawsby aturio
As enacted
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Part III · Establishment of the Social Security Benefit Fund for Media Personnel

13. Social Security Benefit Fund for Media Personnel

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(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.

Read on from s 14

Part IV

General

Read on from Part IV

Schedules