48.
| (1) Officers and servants of the Ceylon Electricity Board who have exercised the option to accept the offer under section 47 and are in the service of any of the successor companies as provided in that section. Shall continue to be members of the Ceylon Electricity Board Provident Fund and Pension Scheme, and be entitled to all the benefits thereunder. |
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| (2) The successor companies and the officers and servants of the Ceylon Electricity Board who have become the employee of the successor companies on the relevant date, shall make such contributions to the Provident Fund and pension Scheme as they are required to make by rules or regulations of the Ceylon Electricity Board Provident Fund and Pension Scheme, as the case may be. |
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| (3) Notwithstanding the provisions of section 47, any officer or servant of the Ceylon Electricity Board, who was on the day proceeding the relevant date employed in the Provident Fund branch or Pension Fund branch of the Board, may within ten days from the relevant date opt to continue in the service of the Ceylon Electricity Board, and shall for all purposes be deemed to continue in the service of the Ceylon Electricity Board. |
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Sri Lanka Consolidated Acts