Farmers Pension And Social Security Benefit Scheme ACT

Arrangement of Sections

1. Short title.

PART I

ESTABLISHMENT OF THE FARMER PENSION AND SOCIAL SECURITY BENEFIT SCHEME

2. Establishment of the Farmers Pension and Social Security Benefit Scheme.

3. Contribute to be determined by the Minister.

4. Eligibility to join the Scheme.

5. Benefits under the Scheme.

6. When pension is payable.

7. Rebate on contribution.

8. Partial disablement.

9. Total disablement.

10. Death gratuity.

PART II

MANAGEMENT OF THE SCHEME

11. Agricultural Insurance Board to operate the Scheme.

12. Powers, duties and functions of the Board.

13. Delegation of powers, functions and duties of the Board.

14. Board to issue policy to each contributor.

15. Forfeiture of policy.

16. Board to determine the award.

17. Inspection of lands.

18. Appeal.

19. Pension gratuity or allowance not to be assigned or levied upon.

PART III

ADVISORY COMMITTEE

20. The Advisory Committee.

21. Qualification and tenure of the office of the members of the advisory committee.

22. Powers of the Committee.

23. Remuneration of members of the Committee.

24. Power of the Minister in relation to the Committee.

PART IV

FARMERS' PENSION AND SOCIAL SECURITY BENEFIT FUND

25. Farmers Pension and Social Security Benefit Funds.

26. Investment of funds.

27. Borrowing powers of the Board.

28. Financial year.

PART V

GENERAL

29. Regulations.

30. Protection for action taken under this Act or on direction of the Board.

31. Offences.

32. Interpretation.

SCHEDULE

12 of 1987.

AN ACT to provide for the establishment of a Pension and Social Security Benefit Scheme for Farmers, to provide for the operation or the scheme by the agricultural insurance board, and to provide for matters connected therewith or incidental thereto.

[Date of Commencement: 24th March, 1987]

1. Short title.

This Act may be cited as the Farmers Pension and Social Security Benefit Scheme Act.

PART I

ESTABLISHMENT OF THE FARMER PENSION AND SOCIAL SECURITY BENEFIT SCHEME

2. Establishment of the Farmers Pension and Social Security Benefit Scheme.

There shall be established according to the provisions of this Act, a scheme which shall be called the Farmers' Pension and Social Security Benefit Scheme (herein after referred to as "the Schedule”).

3. Contribution to be determined by the Minister.

The Minister may, having regard to the feasibility of administering the Scheme and having regard to the occupational hazard in any type of cultivation, by Order published in the Gazette determine—

(a) the area in which the Scheme shall operate;

(b) the categories of farmers entitled to contribute to the Scheme; and

(c) the qualifications of farmers entitled to contribute to the Scheme.

4. Eligibility to join the Scheme.

Any farmer who has the prescribed qualifications, and is not less than eighteen years of age and not more than fifty-nine years of age shall be entitled to join the Scheme.

5. Benefits under the Scheme.

(1) A farmer who joins the Scheme (hereinafter referred to as the "contributor”) shall be entitled to the following benefits, under the Scheme on such basis as may be prescribed by regulation—

(a) a periodical pension as may be prescribed;

(b) in case of permanent partial disablement a lump sum gratuity or a pension when it becomes due;

(c) in case of permanent total disablement a lump sum gratuity or periodical allowance; or

(d) a death gratuity.

(2) The basis of paying a pension or gratuity shall be prescribed taking into consideration, infer alia the period of contribution the age of the contributor and the amount of contribution made by the contributor.

6. When pension is payable.

(1) A contributor shall be entitled to a pension on reaching the age of sixty years. A contributor who commences to contribute after reaching the age of fifty-five years shall, however, be entitled to a pension only after paying his entire contribution as may be prescribed and at the end of five years from the date of joining the Scheme.

(2) The pension shall be paid up to the end of the month in which contributor dies.

7. Rebate on contribution.

The Minister may, having regard to encouraging agricultural insurance prescribe either a rebate or a discount on the contribution to be made by the contributor.

8. Partial disablement.

Any contributor who is permanent and partially disabled before he becomes entitled to receive his pension shall at his option, receive a disablement gratuity as may be prescribed under the Scheme and leave the Scheme or remain in the Scheme without paying any further contribution and receive the pension when it becomes due.

9. Total disablement.

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