SOCIAL SECURITY BENEFIT SCHEME FOR MEDIA PERSONNEL ACT

Arrangement of Sections

1. Short title.

PART I

Establishment of a Benefit Scheme for Media Personnel

2. Establishment of the Benefit Scheme for Media Personnel.

3. Object of the Benefit Scheme.

4. Eligibility to join the Benefit Scheme.

5. Benefits under the Benefit Scheme.

6. When benefits are payable.

7. Rebates on contributions.

PART II

Management of the Benefit Scheme

8. Social Security Board to operate and control the Benefit Scheme.

9. Powers, duties and functions of the Board.

10. The Board to issue Policy to each contributor.

11. Forfeiture of Benefit Scheme Policy.

12. Benefit not to be assigned or levied upon.

PART III

Establishment of the Social Security Benefit Fund for Media Personnel

13. Social Security Benefit Fund for Media Personnel.

14. Investment of moneys.

15. Borrowing powers.

16. Financial year and Audit of Accounts of the Board.

17. Application of Inland Revenue Act, No. 10 of 2006 to the Board.

18. Application of Act, No. 38 of 1971.

PART IV

General

19. Regulations.

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

21. Sinhala text to prevail in case of an inconsistency.

22. Interpretation.

SCHEDULES

29 of 2006.

AN ACT to establish and maintain a Social Security Benefit Scheme for Media Personnel; to provide for the operation and control of the Social Security Benefit Scheme by the Social Security Board; and to provide for matters connected therewith or incidental thereto.

[Date of Commencement: 5th September, 2006]

1. Short title.

(1) This Act may be cited as the Social Security Benefit Scheme for Media Personnel Act.

(2) The provisions of subsection (1) of this section shall come into operation on the date on which this Act is certified as an Act of Parliament and the other provisions shall come into operation on such date as the Minister may appoint, by Order published in the Gazette (hereinafter referred to as the "appointed date”).

PART I

Establishment of a Benefit Scheme for Media Personnel

2. Establishment of the Benefit Scheme for Media Personnel.

There shall be established according to the provisions of this Act, a scheme which shall be called the Social Security Benefit Scheme for Media Personnel (hereinafter referred to as the "Benefit Scheme”)

3. Object of the Benefit Scheme.

The object of the Benefit Scheme shall be, to grant benefits by way of Social Security Benefits to Media Personnel employed in media organisations.

4. Eligibility to join the Benefit Scheme.

Notwithstanding the provisions of the Employees Provident Fund (Special Provisions) Law, No. 6 of 1975, any person who—

(a) is a media person employed in a media Organisation; and is—

(i) a media person confirmed in such employment in such Organisation; or

(ii) a media person employed on contract in such organisation; or

(iii) a freelance media person employed in such Organisation;

(b) is not less than eighteen years of age and not more than fifty years of age; and

(c) is or is not as the case may be, a contributor to the Employees Provident Fund, established under the Employees Provident Fund Act, No. 15 of 1958,

shall be entitled to join the Benefit Scheme on a voluntary basis:

Provided however, any media person who is not less than fifty years of age and not more than fifty five years of age on the date of commencement of this Act, shall, also be entitled to join the Benefit Scheme, notwithstanding the fact that such person has not fulfilled the requirements of paragraph (b) of this section:

Provided further that, any media person who is a member of, or who contributes to, any pension scheme established by any other written Law, shall not be entitled to join the Benefit Scheme established by section 2 of this Act.

5. Benefits under the Benefit Scheme.

(1) A media person who joins the Benefit Scheme (hereinafter referred to as the "contributor”) shall be entitled to periodic benefits in such amounts as may be calculated in the manner prescribed.

(2) In prescribing the basis of calculation of the amount of the benefits payable, the period during which contributions were made, the age of the contributor and the total amount contributed by the contributor, shall be taken into account.

6. When benefits are payable.

(1) A contributor shall be entitled to receive a prescribed amount of the benefits under the Benefit Scheme as calculated in the manner set out in section 5, in monthly installments, upon reaching the age of sixty years and shall continue to receive such monthly benefits up to the end of the month in which the contributor dies.

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