2. Section 2 of the Public Service Provident Fund Ordinance (hereinafter referred to as the " principal enactment "), is hereby amended as follows: -
| (1) by the repeal of subsection (2) of that section, and the substitution of the following new subsection therefor: -
| | (2) A general account for the fund and a separate account for each contributor to the fund shall be opened and kept in such manner as the Director of Pensions may direct."; and | | |
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| (2) by the insertion, immediately after subsection (3) of that section, of the following new subsection: -
| | "(4) Notwithstanding anything in this Ordinance any non-pensionable employee, not being a citizen of Sri Lanka, employed in any Sri Lanka mission abroad may, at his option, be exempted, by the board of management from his liability to make contributions under this Ordinance, and where such employee had been a contributor under this Ordinance prior to the date he is so exempted, his account in the fund shall be closed and he shall be paid such amount as would have been paid to him under section 14 of this Ordinance if he had left the service on satisfactory completion of his contract.". | | |
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Sri Lanka Consolidated Acts