The Employees’ Trust Fund Board commenced operations on 1st March 1981 under the Ministry of Labour and currently functions under the Ministry of Finance, Economy, and Policy Development.
The main features of this Fund is that all Private and Semi Government sector Employers contribute 3% of the gross salary of their employees monthly to the Fund while the Fund implements a range of social and welfare benefits to the members during their employment. The special feature of the welfare benefits provided is that no recovery is made from the member’s balances for providing any of the social and welfare benefits. In addition, the member can withdraw the entire Fund balance lying to his credit at retirement or once in 05 years, if employment is changed. Presently the Fund has around 2.6 million members employed by 79,000 Employers and the value of the Fund as at end of December 2019 is Rs: 339 billion'
The progress of the Board has increased encouragingly and remarkably during the past few years in every aspect including Collections, Investment Income, Surcharge Income, Growth of the Fund etc. Accordingly for 2019 the board was able to declare a total Dividend + Interest rate of 8% to all members. All major operations have been de-centralized with 19 Regional Offices operating island wide with the usage of modern IT facilities. The total staff of the Board is around 1046 most of whom are young and resourceful which is helpful to effectively manage the Board’s activities. It is our earnest hope to serve the members with great vigor in the coming years.
Chairman / CEO
Employees' Trust Fund Board
Mr. Sriyan de Silva Wijeyeratne was the Managing Director / CEO of Teejay Lanka PLC, which is one of the S&P Top 20 Companies and was recognized during his time as a Winner of Forbes “Asia’s 200 Best under a Billion Dollar Company”. He has served as the Country Manager of Microsoft for Sri Lanka and Bangladesh and was responsible for setting up and growing the footprint in Sri Lanka. He previously held the post of Director Marketing and Sales of Suntel and was a Brand Manager at Nestle. He has several academic and business awards to his credit and is a frequent speaker at leading forums locally and globally. He was previously named the CIMA Business Manager of the Year and is involved in many business chambers and in several local and global charities. He was previously the Group CEO of the conglomerate Abans.
Mr. Wijeyeratne possesses a First Class Special Degree in Business Administration from the University of Sri Jayawardenapura and a Masters Degree from the same university. He is a Fellow member of CIMA, UK, and is also a CGMA. He was for many years, on the International Board of Youth Business International, which is one of Prince Charles’ Charities based out of UK and he has served on several local Boards. He enjoyed a distinguished school career at St. Peters College and obtained the All Island No. One ranking at the AL’s. He was the President of the Wildlife and Nature Protection Society and is passionate about travelling, music, Community work and photography among other things.
He is currently the Managing Director of Hemas Consumer and a Hemas Group Board Director and was listed on the CIMA Top 50 Business Icons in 2021.