The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in
Sri Lanka
Sri Lanka (, ; si, ශ්රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an ...
under the
Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by
S. W. R. D. Bandaranaike
Solomon West Ridgeway Dias Bandaranaike ( si, සොලොමන් වෙස්ට් රිජ්වේ ඩයස් බණ්ඩාරනායක; ta, சாலமன் வெஸ்ட் ரிட்ஜ்வே டயஸ் ப ...
, and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP.
The EPF offers a joint action plan by the employer and the employee to save money by targeting retirement and future to the government as well as the private sector. EPF invests in most Sri Lankan private companies such as Vallible One and Commercial Bank of Ceylon.
See also
*
Employees' Trust Fund
References
External links
Website of EPF
{{Authority control
Companies of Sri Lanka
Age pension systems
Retirement in Sri Lanka