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Private provident funds existed in the private sector, with some companies contributing on a voluntary basis until 1958, when the Employees' Provident Fund was established by S. W. R. D. Bandaranaike following the enactment of the Employees' Provident Fund Act No 15 of 1958 which established the Employees' Provident Fund which made it compulsory for all employers and employees to contribute if ...
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike , [ 3 ] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [ 4 ]
The employer of every employee to whom this Act applies shall be liable to pay an amount equal to three per centum (3%) of the total earnings including Wages, salary or fees, Cost of living allowance, special living allowance and other similar allowances, Payment in respect of holidays, The cost value of cooked or uncooked food provided by the employer to employees, Meal allowance and Any ...
The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG Fund (acronym of its Filipino name: Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno [a]), is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable ...
The Ministry of Education [4] (Sinhala: අධ්යාපන අමාත්යාංශය; Tamil: கல்வி அமைச்சு) is a ministry of the Government of Sri Lanka that directs the formulation and implementation of policies related to primary, secondary, and tertiary education in Sri Lanka. Currently, Sri Lanka ...
The concept of registration of persons and issuing identity cards was the subject of an agreement made between India and Sri Lanka in 1954, The draft bill submitted to the Sri Lankan parliament in 1962 was passed as the Act of Registration of Persons No. 32 of 1968. With the aim of activating the provisions of this Act, the Department of ...
The Public Services of Sri Lanka are a series of services groups that provide specialized professional services to the Government of Sri Lanka.These are government employees who carry out public duties, however they are not elected officials.
Regional Development Bank also known as Pradeshiya Sanwardhana Bank (Sinhala: ප්රාදේශීය සංවර්ධන බැංකුව Tamil ...