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The Seamens Provident Fund Act, 1966

The Seamens Provident Fund Act, 1966

Labour196624 sections

The Seamen’s Provident Fund Act, 1966, establishes a mandatory retirement savings system for seamen and their employers. It applies to crew members holding a continuous discharge certificate, excluding specific roles like nurses or musicians. Both the seaman and the ship owner must contribute a percentage of basic wages into a fund managed by a Board of Trustees. This law is crucial because it ensures financial stability for sailors, protects their savings from legal claims, and prevents employers from cutting wages to offset the costs of these required contributions.

Start reading →Read full ActSections
  1. 1. Short title and application.
  2. 2. Definitions.
  3. 3. Seamen's Provident Fund Scheme.
  4. 4. Vesting of Fund, etc.
  5. 5. Constitution of Board of Trustees.
  6. 6. Committees.
  7. 7. Appointment of employees of Board.
  8. 8. Contributions.
  9. 9. Determination of moneys due from employers.
  10. 10. Mode of recovery of moneys due from employers.
  11. 11. Fund deemed to be recognised Provident Fund under Act 43 of 1961.
  12. 12. Protection against attachment.
  13. 13. Priority of payment of contributions over other debts.
  14. 14. Employer not to reduce wages.
  15. 15. Inspectors.
  16. 16. Penalties.
  17. 17. Offences by companies.
  18. 18. Power to recover damages.
  19. 19. Transfer of account
  20. 20. Power to exempt.
  21. 21. Protection for acts done in good faith.
  22. 22. Delegation.
  23. 23. Power to remove difficulties.
  24. 24. Scheme to be laid before Houses of Parliament.

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