Employees' Provident Fund

Founded	1 June 1958; 66 years ago (1958-06-01)
Founder	T. B. Ilangaratne
Headquarters	30, Janadhipathi Mawatha, Colombo 01.
Revenue	Rs 222.44 billion (2018)[1]
Operating income	Rs 210 billion (2018)
Net income	Rs 190.61 billion (2018)
AUM	Rs 2,298.8 billion (2018)
Total assets	Rs 2,133 billion (2018)[2]
Owner	Central Bank of Sri Lanka
Parent	Ministry of Finance
Website	epf.lk

The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike,^[3] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP.^[4] 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