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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 ...
The following lists notable events that will occur and take place during 2025 in Sri Lanka. ... Online calendar; 2020s portal; Sri Lanka portal ... on 5 October 2024, ...
Sri Lanka [73] 25 25 Sweden [74] 12 12 Switzerland [75] 9 15 depending on the canton, including holidays falling on a weekend Taiwan [76] 12 12 Thailand [31] 16 16 Tanzania [77] 16 16 East Timor [78] 18 18 Trinidad and Tobago [31] 18 18 Turkey [31] 14 14 Ukraine [79] 11 11 United Kingdom [80] 8 10 depending on nation, but 8 for England and ...
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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 Sri Lanka women's cricket team is selected for the 2024 ICC Women's T20 World Cup after winning the 2024 ICC Women's T20 World Cup Qualifier final against Scotland. [ 61 ] 10 May – Mujibur Rahman is reappointed to parliament as a National List MP , replacing the unseated Diana Gamage.
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 ...