Non Statutory Benefits

The Board has formulated several member welfare benefit schemes which active members (those currently in employment) of the ETF are entitled to avail of.

General Requirements

All active members of the Fund are eligible to avail of the benefit schemes. An “active member” is one that is currently employed and on whose behalf contributions are being remitted to the Board.

The following benefit schemes are currently available:

Benefit Scheme

Commenced On

  • Year 5
    Scholarship
  • AL
    Scholarship
  • Free Life Insurance Scheme
  • Permanent Disability Insurance Scheme
  • Financial Assistance for Heart Surgery
  • Re-imbursement of Cost of Intra-ocular Lens
  • Kidney Transplant Surgery Assistance Scheme
  • "Shramasuwa Rekawarana" Hospitalization
    Medical Scheme
  • 'Viyana' Housing Loan Scheme
  • Year Five Scholarships for Children of ETF
    members who had to terminate
    employment due to permanent disability

Year Five Scholarship Assistance Scheme

Children of active members of the Fund (either of the parents) who pass the Year Five Scholarship Examination with merit are eligible for this benefit. Financial rewards of Rs. 15,000/- are provided to 9,000 children of ETF members annually, taking into consideration the marks obtained at the Year Five Scholarship Examination.

Rules & Conditions

  1. Press notice will be published calling applications once the examination results are released.
  2. Applications received after the closing date will not be accepted.

    The awarded money is kept in a “Sisu Udana” Savings Account at People’s Bank in the name of the child. This deposit could be withdrawn when the child reaches the age of 18 years. However, the parents or guardian of the child can withdraw the money for specific reasons.

Educational Grant for children of ETF members who passed GCE (A/L) Examination

An educational grant to the value of Rs. 12,000/- each will be provided annually to 5,000 children of active members of the Fund who passed GCE (A/L) examination. This is for their higher education purposes, and became effective from 2010. Children will be selected based on the high marks obtained at the examination in each stream, district-wise.

Rules & Conditions

  1. Applications will be invited by press advertisement following the release of official GCE (A/L) results by the Department of Examinations.

Free Life Insurance Scheme

All active members are covered under this scheme throughout 24 hours. In case of death of a member, legal heirs of the deceased member are eligible to claim contributions lying to the credit of the diseased member’s individual account together with interest and dividend. In addition, insurance benefits will be paid to legal heirs of the deceased member based on information provided in Forms VIA, VIII (New) and CLA/04. A separate application is not necessary for insurance benefits.

Rules & Conditions

  1. The limit of insurance benefits is fifteen times the average of the salary the member was drawing during the six months preceding the month in which the death occurred, subject to a maximum of Rs.100,000/-.
  2. The death claim application should be forwarded to the Board not later than one year from the date of death.
  3. Beneficiaries will be the legal heirs of the deceased member.
  4. Contributions should have been paid regularly during the 12-month period prior to death
  5. In case there is a Testamentary Case, fund balance and insurance benefits will be sent to the Court hearing the case.
  6. In case of death due to following terminal illnesses, the requirement of the minimum 12-month period of active membership would not apply and at least two months' contribution would be sufficient to be eligible for benefits:

Death Causes

  1. Cancer
  2. Tuberculosis
  3. Chronic renal disease
  4. Chronic liver failure
  5. Septicemia

Required Documents

  1. Form VIII - Part I and II to be completed by the claimant and Parts III to be completed by the employer.
  2. Form CLA/04 - Details of the applicant and deceased certified by Grama Niladhari and Divisional Secretary.
    ☛ Form VIII (A) - To be completed by other applicants.
    ☛ Form VIII (B) - The employer should give details of contributions remitted on behalf of the member in this form. A separate form [Form VI(B)] is required for each Employer if the member had worked for more than one Employer.☛ Form VIII(C) – To be completed by the Employer for the employees who were absorbed into the pension scheme of the local government service.
    ☛ Form VIII (D) - To be completed by Grama Niladhari and Divisional Secretary for the close intuitions.

Permanent Disability Insurance Scheme

This scheme provides benefits to active members in case of total disability resulting in loss of employment, subject to a ceiling of Rs. 200,000/- (effective from 1 December 2009) depending on the degree of disablement. Members are covered throughout 24 hours in respect of accidents, certain industrial diseases numbering 30, paralysis, cancer and diabetes.

The under-mentioned losses are included

  1. Permanent loss of sight of both eyes.
  2. Complete loss of both arms or both legs.
  3. Complete loss of one arm and one leg.
  4. Complete loss of one arm and one leg with loss of sight in one eye.
  5. Complete loss of one arm or one leg. NOTE: A medical report confirming permanent disability should be submitted on Form VII. Affected member will qualify for benefits only if the disability is found to be more than 50%, on examination by the Physician.
  6. The employer should certify that the employment has ceased due to the accident/disease.
  7. Application has to be forwarded within one year from the date of discharge from hospital or from the date of termination of employment, whichever date is later.
  8. Amount of benefits is twenty-four times the average of the salary the member was drawing during the six months prior to the month in which the death occurred

Financial Assistance for Heart Surgery

Members who have to undergo certain heart surgeries classified by the Board (see below) are eligible to seek financial assistance up to Rs. 300,000/-. Surgery may be done locally or overseas.

The under-mentioned surgeries are included

  1. Coronary Heart Disease (By-pass Surgery)
  2. Congenital Heart Disease (Heart Valve Disease)
  3. Heart Valve Replacement
  4. Heart Pacemaker Implant
  5. Angioplasty and Stenting
  6. Radio-Frequency (RF) Ablations [a method of treatment similar to angioplasty]
  7. Implantable Cardioverter Defibrillator (ICD) [a method of treatment similar to pacemaker implant]

Rules & Conditions

  1. The surgery could be done at any Government or Privet Hospital in Sri Lanka or overseas.
  2. The member who would undergo the surgery should produce a letter from the cardiologist indicating the type of surgery and the estimated cost quoted by hospital.
  3. All sources of financial assistance obtained and amounts should be declared by the member [e.g. Employer, President's Fund, Insurance Companies and other Institutions/Charities].
  4. The employer should certify that the employment has ceased due to the accident/disease.

    ♥In case the surgery is performed overseas, a letter issued by the Cardiologist in Sri Lanka referring the patient to the overseas hospital and the bills from the overseas hospital indicating the total cost should be produced along with the application.

    ♥The Board issues a letter of guarantee to the Hospital where the member is going to get the surgery done, undertaking to pay the amount specified in the guarantee letter

Required Documents

  1. Letter issued by the Cardiologist stating that surgery is necessary and details of the ailment
  2. Letter issued by the hospital stating the estimated cost of the surgery
  3. A copy of the angiogram report of the member (patient)
  4. Documents in support of financial assistance provided by the President's Fund, Insurance companies, the Employer and any other sources.
  5. Original copies of the final bill and receipt issued by the hospital.
  6. Copies of National Identity Card of the member, Diagnosis Card and the Bank Pass book (pages where details of the account holder, bank, branch, etc. appears), certified by the Employer.
  7. If the surgery is done in an overseas hospital, the letter referring the member to the overseas hospital, issued by the cardiologist in Sri Lanka.

Re-imbursement of Cost of Intra-ocular Lens

The scheme enables members to claim reimbursement of cost of intra-ocular lens implanted following cataract surgery, subject to a maximum of Rs. 15,000/- per each eye (effective from October 01, 2016).

Rules & Conditions

  1. The surgery may be done at any Government or Private hospital. Only the cost of the lenses will be reimbursed subject to a maximum of Rs. 15,000 per each eye
  2. Application has to be forwarded within 90 days from the date of discharge from hospital.
  3. The original receipt of purchasing the intra-ocular lens should be submitted. Along with the copy of the diagnosis card issued by the hospital, it should certified by the employer

Kidney Transplant Surgery Assistance Scheme

This benefit package which commenced in July 2006 provides financial assistance up to a maximum of Rs. 300,000/- for kidney transplants.

Rules & Conditions

  1. Financial assistance will be provided only for Kidney Transplants. Surgeries or treatment for any other kidney ailment are not covered under this scheme.
  2. Only the recipient of the kidney is entitled to benefits and the donor, even if an active ETF member, will not be eligible to claim any benefits under this scheme.
  3. The transplant can be done either in any of the hospital where the kidney transplants are performed in Sri Lanka or overseas.
  4. The member who has to undergo kidney transplant should produce a letter from the hospital indicating the type of the surgery and the cost.
  5. The applications issued by the Board should be duly completed and submitted to the Board before the surgery or within 90 days after the surgery.

    ★ In case where the transplant is performed overseas a letter issued by the surgeon/physician in Sri Lanka referring the patient to the overseas hospital and all bills from the overseas hospital indicating the total cost should be produced to the Board along with the relevant application.
    Financial assistance to meet expenses of kidney transplant surgeries, up to Rs. 300,000/- is granted under this scheme. The recipient of the kidney is eligible for benefits and the donor does not qualify to receive any payment whatsoever even if the donor is an active ETF member.

"Shramasuwa Rekawarana" Hospitalization Medical Scheme

This is a benefit scheme for members to get hospitalization expenses reimbursed. Members are eligible to claim costs of hospitalized treatment subject to Rs. 50,000/=, subject to conditions applicable to the scheme.

Rules & Conditions

  1. To be eligible, members should have been contributing to the Fund for at least five years. This five-year period should have been completed by the time the member admits to a hospital for treatment. The maximum benefit is Rs.50,000/= per each member during the period of employment.
  2. A member should be hospitalized for a minimum period for 2 days including the date of admission and the date of discharge.
  3. Treatment may be obtained from all Government Hospitals, Government Ayruedic Hospitals and approved Private Hospitals registered with the Board.
  4. The application should be submitted within 90 days from the date of discharge from hospital.
  5. Rs. 1,000.00 up to a limit of 10 days for hospitalized treatments in a Government Hospital for all cases.

Special Conditions ▷ Following illnesses/diseases are not considered for reimbursement:

  1. Treatment for a condition resulting in attempted suicide
  2. Conditions requiring treatment as a result of alcohol and drug use
  3. Sexually transmitted diseases and AIDS
  4. Mental diseases

Required Documents

  1. All original bills and receipts issued by the hospital.
  2. A photocopy of the diagnosis card issued by either the Government or Private hospital, certified by the Employer.
  3. A copy of the National Identity Card and passbook (pages where details of account-holder, bank, branch etc. appears), certified by the Employer.
  4. If the member is entitled to reimbursement of hospitalization costs from the Employer, Insurance Companies or other institutions, a letter indicating the amount that will be reimbursed should be submitted.

'Viyana' Housing Loan Scheme

Through this scheme members can obtain housing loans at concessionary rates of interest from NDB Bank. Employees’ Trust Fund Board and NDB Bank have laid down specific conditions in respect of this scheme.

Rules & Conditions

  1.  Basic requirement for this benefit is maintaining a minimum of 5 years continuous membership of the Fund.
  2. Minimum amount of the loan is Rs. 100,000/= and the maximum limit is Rs. 2,500,000/=.
  3. NDB Bank is situated at 40, Nawam Mawatha,Colombo 02. Loans are disbursed to the active members of the ETF for purchase of houses, construction of houses, extensions, renovations and for redeeming loans obtained from other lending institutions.
  4. NDB Bank and Employees' Trust Fund Board have the right to revise the conditions applicable to the scheme.

Loans can be obtained for

  1. Purchasing a house
  2. Renovation of a house
  3. Extensions to a house
  4. Purchase of a land with a house

Rates of interest

  1. From Rs 100,000.00 to Rs 250,000.00 - 10.00%
  2. From Rs 250,001.00 to Rs 750,000.00 - 11.00%
  3. From Rs 750,001.00 to Rs 2,500,000.00 - 12.00%[The above rates are subject to change]

Loan limits

Balance in the member accountBalance in the member account
Rs 25,000.00 – 49,999.00Rs 250,000.00
Rs 50,000.00 – 74,999.00Rs 250,001.00 – 750,000.00
Rs 75,000.00 or higherRs 750,001.00 – 2,500,000.00

Special Conditions

  1. At the time the loan is applied the member should be a contributing member and should have completed five years as an active member.
  2. Withdrawal of contributions lying to the individual member's account will not be permitted until the loan is settled in full.
  3. Issuing and acceptance of applications for loans will be through NDB Head Office or Branches.

Year Five Scholarships for Children of ETF members who had to terminate employment due to permanent disability

In addition to the present 9000 scholarships, Year Five Scholarships are awarded to children of ETF members who had to terminate their employment due to permanent disability. This will be considered if such members’ children pass the Year Five Scholarship Examination within five years from the year in which the member became permanently disabled.