No harm caused by amalgamating EPF and ETF


Prime Minister Ranil Wickremesinghe has informed trade union representatives to not be concerned about apparent issues with regard to EPF and ETF.

The comment was made, whilst briefing trade union representatives on a new pension scheme for private sector employees by amalgamating EPF and ETF.

The Prime Minister mentioned that the process of setting up this pension scheme would be carried out in a more transparent manner.

the Prime Minister had requested that trade union views be submitted for the preparation of the pension scheme.   

Participating in the discussion, trade union representatives said that the new pension scheme should be launched without having a negative impact on EPF and ETF.