SRI LANKA SOCIAL SECURITY BOARD ACT

Arrangement of Sections

1. Short title.

PART I

ESTABLISHMENT OF SRI LANKA SOCIAL SECURITY BOARD

2. Establishment of the Sri Lanka Social Security Board.

3. Directors of the Board.

4. Functions of the Board.

5. Powers of the Board.

6. Application of Act.

6A. Technical Advisory Committee.

PART II

PENSION AND SOCIAL SECURITY BENEFIT SCHEME FOR SELF-EMPLOYED PERSONS

7. Eligibility to join the Scheme.

8. Benefits under the Scheme.

9. When pension by payable.

10. Rebates on contributions.

11. Partial disablement.

12. Total disablement.

13. Death gratuity.

14. Board to issue policy to each contributor.

15. Forfeiture of Policy.

16. Board to determine award.

17. Inspection of premises.

18. Appeal.

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

PART III

STAFF OF THE BOARD

20. Appointment of officers and servant of the Board.

PART IV

FINANCE

21. Fund of the Board.

22. Investment of Monies.

23. Borrowing powers.

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

25. Application of Inland Revenue Act, No. 28 of 1979 to the Board.

26. Application of Act No. 38 of 1971.

PART V

GENERAL

27. Directors, officers and servants of the Board to be public officers.

28. Board deemed to be a scheduled institution within the meaning of the Bribery Act.

28A. Power of Minister to give directions.

29. Delegation of powers and duties.

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

31. Regulations.

32. Sinhala text to prevail in case of inconsistency.

33. Interpretation.

17 of 1996,
33 of 1999.

AN ACT to establish a Sri Lanka Social Security Board for the management of the Pension and Social Security Benefit Scheme for self employed persons; and to provide for matters connected therewith or incidental thereto.

[Am by s 2 of Act 33 of 1999.]

[Date of Commencement: 26th July, 1996]

1. Short title.

This Act may be cited as the Sri Lanka Social Security Board Act.

[S 1 am by s 2 of Act 33 of 1999.]

PART I

ESTABLISHMENT OF SRI LANKA SOCIAL SECURITY BOARD

2. Establishment of the Sri Lanka Social Security Board.

(1) There shall be established a body called the Sri Lanka Social Security Board (hereinafter referred to as "the Board”) consisting of the persons appointed under section 3.

(2) The Board shall, by the name assigned to it by subsection (1), be a body corporate and shall have perpetual succession and a common seal and may sue and be sued in such name.

3. Directors of the Board.

(1) The Board shall consist of seven directors appointed by the Minister, case of whom shall be a representative of the Treasury.

(2) The Minister shall appoint one of the Directors as the Chairman of the Board, and may appoint another Director to be a working Director of the Board.

[S 3(2) subs by s 3 of Act 33 of 1999.]

(3) The provisions of the First Schedule to this Act shall have effect in relations to the terms of office of the Directors and the remuneration payable to Directors, meetings of the Board, and the seal of the Board.

4. Functions of the Board.

Subject to the other provisions of this Act, the enactment, functions of the Board shall be to establish a Pension and Social Security Benefit Scheme (hereinafter referred to as "the Scheme”) for self employed persons other than those in the fisheries and agriculture sectors, and to administer and manage such scheme with the following objectives in view:

(a) to provide social security to self employed persons during their old age and on disability;

(b) to provide relief to the dependants of self employed persons, upon death;

(c) to encourage self employed persons to continue in their respective occupations and to develop their capabilities and skills;

(d) to encourage youth to be self employed and to develop their capabilities and skills;

(e) to educate self employed persons on the benefits of thrift and resource management; and

(f) to improve the living standards of self employed persons generally.

[S 4 subs by s 4 of Act 33 of 1999.]

5. Powers of the Board.

For the purpose of discharging its functions, the Board shall have the power to—

(a) acquire, hold, take on lease or hire, mortgage sell or otherwise dispose of, any movable or immovable property;

(b) enter into, and perform, either directly or through any officer or agent authorised in that behalf, all such contracts as may be necessary for the discharge of its functions;

(c) make rules in relation to its officers and servants, including their appointment, promotion, remuneration, disciplinary control and grant of leave to them;

(d) administer and manage the Scheme;

(e) maintain the required actuarial financial and operational reports in respect of the Scheme;

(f) determine the benefits to be paid to any Contributor Under the Scheme;

(ff) collaborate with state institutions or nongovernmental organisations discharging functions similar to the functions of the Board;

[S 5(ff) ins by s 5 of Act 33 of 1999.]

(g) do all such other things as in the opinion of the Board, are necessary for the proper discharge of its functions as or for the administration and implementation of the Scheme.

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OFFICE ON MISSING PERSONS (ESTABLISHMENT, ADMINISTRATION AND DISCHARGE OF FUNCTIONS) (AMENDMENT) ACT, NO. 9 OF 2017


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