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Title_of_text

Farmers' Pension and Social Security Benefit Scheme Act 1987. No. 12. [LS 1987 - Sri Lanka 1].

Main Region

First Region

Sri Lanka
Agriculture workers
1987-03-24
National
Law, Act

Second Region

An Act to provide for the establishment of a pension and social security benefit scheme for farmers; to provide for the operation of the scheme by the Agricultural Insurance Board; and to provide for matters connected therewith or incidental thereto. Part I of the Act establishes the Scheme, which is open to any farmer having the prescribed qualifications who is between the ages of 18 and 59. The benefits to be provided are: a periodical pension, generally available from age 60; a lump sum gratuity or pension in case of permanent partial disablement; a lump sum gratuity or periodical allowance in case of permanent total disablement; a death grant, payable to the surviving spouse or to a blood relative (eldest son, or if no sons, eldest daughter, etc.). The Agricultural Insurance Board established under the Agricultural Insurance Law 1973 (No. 27) is to issue to each participant a policy setting out the contributions to be made, the terms and conditions of the policy and the benefits to which the participant is entitled if no forfeiture occurs. Under Part IV of the Act, the Farmers' Pension and Social Security Benefit Fund is set up to manage the money received from contributions, and Part V contains general provisions.

Serial region

    Serial title
    Gazette of the Democratic Socialist Republic of Sri Lanka, Part II, Supplement
    Date
    1987-03-27
    Page range
    pp. 1-11