Who We Are?

The Employees Provident Fund (EPF) was established under the Act No. 15 of 1958 and is currently the largest Social Security Scheme in Sri Lanka. With a current asset base of Rs. 1,665 billion, the EPF is a little "Peace of Mind" for the employees of institutions and establishments of the Private Sector, State Sponsored Corporations, Statutory Boards and Private Business. The aim of the EPF is to assure financial stability to the employee in the winter of life and to reward the employee for his or her role in the economic growth of the country.

How EPF is Administered?

Being the largest Social Security Scheme in Sri Lanka and having over Rs. 1,665 billon of assets, the EPF can ensure you a safe and stable future. The Administrative aspect of the EPF is handled by the Labour Department of Sri Lanka whilst the management of the funds is handled by EPF department of the Central Bank.

According to the EPF Act, an employee is required to contribute a minimum of 8% and the employer a minimum of 12% of the total salary of the employee monthly. Your EPF balance keeps growing as you mature at your working environment as the cumulative balance in your EPF account, which is maintained by the Central Bank, and is invested in Treasury Bills, Treasury Bonds, Equity, Corporate Debentures and Rupee Securities etc. Depending on the rate of return, an annual interest rate is declared and credited to your account. Thus your investment in time and money is safe, sound and growing annually in the hands of the EPF, giving you peace of mind that you will be stable and able to provide for your family and loved ones in the latter part of life.

The EPF is not only a helping hand or a shoulder to lean upon in the winter of life but a great partner throughout, for it will provide you with the option of obtaining a housing loan by placing 3/4th of your current balance as security. Thus the EPF will help you realize your dream of a home before retirement.

Thus you can rest assured that your future is a little bit more stable and secure with the Employees Provident Fund.

General Information of the Fund

As at  2015/12/31

No of Active Member Accounts

2.6 million

15%

No of Noncontributing Member Accounts

14.3 million

85%

Total No of Accounts

16.9 million

100%


As at 2015/12/31

No of Active Employers

72,578

33%

No of Non-operative Employers

144,118

67%

Total Employers

216,696

100%


As at 2015/12/31

Size of Fund

Rs. 1,664,852mn

100%

Member Balances

Rs. 1,625,493 mn

98%

Reserves

Rs. 39,359mn

2%

Members / Employees
Employers

When leaving service on reaching age of retirement.

  • 1) Males - 55 years
  • 2) Females - 50 years

When leaving service on grounds of marriage in the following context
(For female Employees)

  • 1) If married within 3 months of leaving service
  • 2) Have left service within 5 years of marriage
A certified photocopy of the Marriage Certificate certified by the Registrar who registered the marriage or a marriage certificate issued by the Additional District Registrar should be submitted along with the above forms.

When migrating to another country on a permanent Visa

  • 1) The permanent Visa and a photocopy
  • 2) The Original of the passport and a photocopy along with the above forms should be submitted to the Head Office of the Labour Department

Back to Top