The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in
Sri Lanka
Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, also known historically as Ceylon, is an island country in South Asia. It lies in the Indian Ocean, southwest of the Bay of Bengal, separated from the Indian subcontinent, ...
under the
Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by
S. W. R. D. Bandaranaike, 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
Age pension systems
Retirement in Sri Lanka
Social security in Sri Lanka
Public pension funds