22. Section 35 of the principal enactment is hereby amended as follows ;-
| (1) by the insertion immediately after subsection (1) of that section of the following new subsections:"
| | (1A) The Pension Fund shall be established as a separate Fund and be separated from the balance sheet. | | |
| | (1B) An actuarial valuation of the Pension Fund shall be made once in every two years in order to ensure that there are sufficient moneys available in the Fund to meet its liabilities. " ; and | | |
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| (2) in subsection (2) of that section, by the substitution for the words " security of immovable property ", of the words "security of movable or immovable property ". |
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Sri Lanka Consolidated Acts