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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 ...
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 ...
Sri Lanka Freedom Party [18] D. S. Goonesekera: Sri Lanka Freedom Party: 28 May 1963: 25 March 1965: Minister of Labour and Social Services [18] M. H. Mohamed: United National Party: 25 March 1965: 29 May 1970: Dudley Senanayake: Minister of Labour, Employment and Housing [19] [20] M. P. de Zoysa: Sri Lanka Freedom Party: 29 May 1970: 23 July ...
The Ministry of Finance, Economic Stabilization and National Policies [2] (Sinhala: මුදල්, ආර්ථික ස්ථායිකරණ සහ ...
Militant use of children in Sri Lanka has been an internationally recognized problem since the inception of the Sri Lankan civil war in 1983. The primary recruiters of under the age of 18 children are the rebel LTTE movement and the Karuna group , a break-away faction of the LTTE working with Sri Lanka Forces .
The Sri Lanka Army is the oldest and largest of Sri Lanka's three armed services. Established as the Royal Ceylon Army in 1949, it was renamed when Sri Lanka became a republic in 1972. The Army of approximately 255,000 regular and reserve personnel including 90,000 National Guardsmen and is responsible for overseeing land-based military and ...
International efforts to reduce the number of children in military organisations in Africa began with the Cape Town Principles and Best Practices, developed in 1997. [110] The Principles proposed that African governments commit to OPAC, which was being negotiated at the time, and raise the minimum age for military recruitment from 15 to 18. [110]