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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.
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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.
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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.
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Chairman
/
CEO
Employees'
Trust
Fund
Board
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