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Sri Lanka (264) > Specific categories of workers (43)

Name: Farmers' Pension and Social Security Benefit Scheme Act 1987. No. 12. [LS 1987 - Sri Lanka 1].
Country: Sri Lanka
Subject(s): Agriculture workers
Type of legislation: Law, Act
Adopted on: 1987-03-24
Entry into force:
Published on: Gazette of the Democratic Socialist Republic of Sri Lanka, Part II, Supplement, 1987-03-27, pp. 1-11
ISN: LKA-1987-L-3713
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=3713&p_lang=en
Bibliography: Gazette of the Democratic Socialist Republic of Sri Lanka, Part II, Supplement, 1987-03-27, pp. 1-11
Abstract/Citation: 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.

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