Who We Are?

The Employees' Provident Fund (EPF) was established under the Act No. 15 of 1958 and is currently the largest Social Security Scheme in Sri Lanka. With an asset base of Rs. 2,540 billion as at end 2019, the EPF is a little "Peace of Mind" for the employees of institutions and establishments of the Private Sector, State Sponsored Corporations, Statutory Boards and Private Business. The aim of the EPF is to assure financial stability to the employee in the winter of life and to reward the employee for his or her role in the economic growth of the country.

How EPF is Administered?

Being the largest Social Security Scheme in Sri Lanka and having over Rs. 2,540 billion of assets, the EPF can ensure employee a safe and stable future. The Administrative aspect of the EPF is handled by the Labour Department of Sri Lanka whilst the management of the funds is handled by EPF department of the Central Bank.

According to the EPF Act, an employee is required to contribute a minimum of 8% and the employer a minimum of 12% of the total salary of the employee monthly. Employee’s EPF balance keeps growing as employee mature at their working environment as the cumulative balance in their EPF account, which is maintained by the Central Bank, and is invested in Treasury Bills, Treasury Bonds, Equity and Corporate Debentures etc. Depending on the rate of return, an annual interest rate is declared and credited to employee’s account. Thus, employee’s investment in time and money is safe, sound and growing annually in the hands of the EPF, giving employee peace of mind that he/she will be stable and able to provide for their family and loved ones in the latter part of life.

The EPF is not only a helping hand or a shoulder to lean upon in the winter of life but a great partner throughout, for it will provide employee with the option of obtaining a housing loan by placing 3/4 of their current balance as security. Thus, the EPF will help employee realize their dream of a home before retirement.

Thus, you can rest assured that your future is a little bit more stable and secure with the Employees Provident Fund.



Members / Employees
Employers

When leaving service on reaching age of retirement.

  • 1) Males - 55 years
  • 2) Females - 50 years

When leaving service on grounds of marriage in the following context
(For female Employees)

  • 1) If married within 3 months of leaving service
  • 2) Have left service within 5 years of marriage
A certified photocopy of the Marriage Certificate certified by the Registrar who registered the marriage or a marriage certificate issued by the Additional District Registrar should be submitted along with the above forms.

When migrating to another country on a permanent Visa

  • 1) The permanent Visa and a photocopy
  • 2) The Original of the passport and a photocopy along with the above forms should be submitted to the Head Office of the Labour Department

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