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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 ...
Key takeaways. Check your balance online, on the phone, through your bank's mobile app, at the ATM and with bank statements. A bank teller can provide account details in person.
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 ...
Employees' Provident Fund (Sri Lanka) S. Social programmes in Sri Lanka This page was last edited on 15 May 2020, at 04:57 (UTC). Text is ...
Bank of Ceylon; Central Bank of Sri Lanka; Credit Information Bureau; Department of Excise; Development Lotteries Board; Employees’ Trust Fund Board; Housing Development Finance Corporation Bank
The Ministry of Social Empowerment, Welfare and Kandyan Heritage is the central government ministry of Sri Lanka responsible for social services, social welfare and Kandyan heritage. The ministry is responsible for formulating and implementing national policy on social empowerment and welfare and other subjects which come under its purview. [ 1 ]