Welcome to Employees Provident Fund
The Employees' Provident Fund (EPF) was established under the Act No. 15 of 1958. It is the largest Social Security Scheme in Sri Lanka. The Employees' Provident Fund division was established in 1959 to facilitate administration of the Employees' Provident Fund Scheme (EPF) that came into operation consequent to the enactment of Employees Provident Fund Act No.15 OF 1958. The EPF scheme basically covers almost all the employees in the private sector and the semi-Government sector. The main objective of this scheme is to provide social security or protection to employees at old age invalidity, or their dependents after death. This is a contributory social security scheme where the employees and employers contribute 8% and 12% respectively, of the monthly total earnings of the employee. The Commissioner of Labour is responsible for the general administration of the scheme, while Monetary Board of the Central Bank of Sri Lanka is responsible for the maintenance of individual accounts of the members and investment of funds.
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