Sri Lanka Consolidated Acts

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Social Security Board (Amendment) Act (No. 33 of 1999) - Sect 4

Replacement of section 4 of the principal enactment

4. Section 4 of the principal enactment is hereby repealed and the following section substituted therefor :-
"(4) Subject to the other provisions of this Act, the enactment, functions of the Board shall be to establish a Pension and Social Security Benefit Scheme (hereinafter referred to as "the Scheme") for self employed persons other than those in the fisheries and agriculture sectors, and to administer and manage such scheme with the following objectives in view :-
(a) to provide social security to self employed persons during their old age and on disability ;
(b) to provide relief to the dependants of self employed persons, upon death ;
(c) to encourage self employed persons to continue in their respective occupations and to develop their capabilities and skills ;
(d) to encourage youth to be self employed and to develop their capabilities and skills ;
(e) to educate self employed persons on the benefits of thrift and resource management ; and
(f) to improve the living standards of self employed persons generally.".

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