Sri Lanka Consolidated Acts

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Institute Of Fundamental Studies, Sri Lanka Act (No. 55 of 1981) - Sect 28

Repayment to contributors

28.
(1) The amount payable to any contributor as provided in section 27(3), shall, subject to the provisions of section 29, be paid to him by the Secretary.
(2) Where a contributor ceases to be employed by the Institute prior to the date on which he ceases to be a contributor under section 27(3) either on account of ill health or incapacity or on account of the abolition of the post in which he is employed, or voluntarily retires from the service of the Institute, the Secretary shall, subject to the provisions of section 29, pay to that contributor the full amount which has accumulated to the credit of his account in the Provident Fund at the date on which he so ceased to be employed.
(3) "Where a contributor is dismissed from the service of the Institute prior to the date on which he ceases to be a contributor under section 27(3), the Secretary shall, subject to the provisions of section 29, pay to that contributor the amount contributed by him to the Provident Fund, together with the accumulated interest thereon up to the date of his dismissal.
(4) Where a contributor dies while in the service of the Institute, the Secretary shall, subject to the provisions of section 29, pay the full amount which has accumulated to the credit of the account of that contributor in the Provident Fund to the estate of the deceased contributor or to the person lawfully entitled to such amount.


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