Sri Lanka Consolidated Acts

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Employees' Trust Fund (Amendment) Act (No. 47 of 1988) - Sect 9

Replacement of section 23 of the principal enactment

9, Section 23 of the principal enactment is hereby repealed and the following section substituted therefor:
23.
(1) Subject to the provisions of section 24, the amount standing to the credit of any employee in his individual account shall be payable by the Board to such employee on the termination of his employment :
(2) Notwithstanding anything contained in subsection (1) of this section, where an employee to whom this Act applies takes up pensionable employment
(i) in the Public Service ;
(ii) in the Local Government Service constituted by the Local Government Service Act, No. 16 of 1974;
(iii) in the District Service established under section 47 of the Development Councils Act, No. 35 of 1980; and
(iv) in the service of any local authority other than as a member of the Local Government Set-vice,
the amount standing to the credit of such employee in his individual account on the day he takes up such pensionable appointment, shall be payable by the Board to such employee. ".


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