25.
| (1) On the death of any employee, the sum standing to his credit in his individual account shall be paid by the Board to his nominee. If there shall be no nominee, such sum. shall be paid to the executor of the last will or the administrator of the estate of such employee or to the heirs of such employee. |
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| (2) Where a member of the Fund dies before becoming entitled to the amount standing to his credit in his individual account or where he dies after becoming entitled thereto but before receiving such amount and where no nominee has been appointed under regulations made under this Act to whom such amount should be paid in the event of the death of such member, or where the nominee or nominees appointed under regulations made under this Act is or are dead, then such amount shall -
| | (a) if it is an administrable estate, be paid to the execute. for of the last will or the administrator of the estate of such deceased member to be included in that estate ; | | |
| | (b) if It is not an administrable estate, be paid to the person who is, or be appointed by the Board amongst the persons who are certified to be in the opinion of the Board, entitled by law to such amount; and | | |
| | (c) where a member of the Fund has appointed two or more nominees to whom the amount lying to the credit of the individual account of such member shall be paid in the event of his death and where one or more than one nominee dies before such member then, upon the death of such member with- out such member having appointed a fresh nominee or nominees, as the case may be, such amount -
| | | (i) be paid to the sole surviving nominee if there is one, or |
| (ii) if there is more than one nominee, by dividing among such nominees in equal shares. |
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| (3) A member of the Fund may at any time nominate any person or persons to whom the amount standing to the credit of the individual account of such member in the Fund may be paid in the event of. his death. |
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| (4) A member of the Fund may at any time revoke any nomination made by him. |
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| (5) Every nomination and every document or revocation of nomination shall be in the prescribed form. |
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| (6) Every document of nomination and every document of revocation of nomination made by any member shall be forwarded to the Board through his employer within thirty days of the execution of such of document |
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| (7) Any nomination made by a member prior to marriage shall be deemed to be revoked upon the i the marriage of such member. |
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| (8) Every nomination made by a member who is married shall be in favour of one or more members of his family. |
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Sri Lanka Consolidated Acts