EPF, ETF funds to be used to bring in more benefits to workers

4 March 2025 08:03 pm Views - {{hitsCtrl.values.hits}} 15 Bookmark

A A A

Join our WhatsApp Channel

By Yohan Perera and Ajith Siriwardana

Colombo, March 04 (Daily Mirror) - Labour Minister Anil Jayantha today pledged to use EPF and ETF funds to bring in more benefits to the working people instead of unproductive investments that it had made in the past.

“We have seen how EPF and ETF was invested in an unproductive manner in the past. However, we will bring in new laws to ensure that the working people get maximum benefit by putting these funds for more productive use,” the Minister said winding up the committee stage debate on the budget in Parliament.

Also, he pledged to digitalize EPF and ETF tougher with Ministry of Digital Technology Development. “EPF and ETF will be operated online in the future,” he said in this regard.

Further, he pledged to bring in new laws which will do away with industrial disputes for good.

He said Sri Lanka labour laws will be amended to be in line with global trends. “Laws pertaining to industrial and production relations have changed and Sri Lankan laws will also be amended to be in line with the global situation. However, we will see to it that employees will have a greater say in decision-making in an organization.

Comments - 15

Joshua Tuesday, 04 March 2025 08:15 PM

Yhatx a great move. The previous governments used it to fund their welfare.

10 16

Senior citizens Tuesday, 04 March 2025 08:16 PM

EPF/ETF was never an unproductive investment until the government reduced the interest on this investment! That interest was the "contributory pension" of the private sector. All pleas to increase the interest on this investment have fallen on deaf ears, making the seniors beggars!! Talking rubbish now!

5 29

Nihal Jayasinghe Tuesday, 04 March 2025 08:44 PM

Just words and words nothing will happen unfortunately you all couldn't do a single thing.

9 29

GOOD DECISION/S INVESTMENTS IN THE PAST DID NOTHING TO GIVE THE PEOPLE BANG FOR THEIR BUCKS Tuesday, 04 March 2025 11:16 PM

NIHAL, WE HAD NO WORDS FROM THE PREVIOUS GOVT/S AND THE PEOPLE KEPT CRYING OUT AND WERE NOT LISTENED. MARK MY WORDS THIS GOVT WILL WALK THE TALK IN TIME TO COME AND OTHERS LIKE YOU WILL BE MORE THAN SURPRISED. AT LEAST THE MAJORITY WILL GET BANG FOR THEIR BUCKS IN TIME TO COME WITH THESE CHANGES.

1 2

Innocent Workers Tuesday, 04 March 2025 09:14 PM

Yes Mr Minister. Let us invest 100% of our EPF and ETF funds in Joint Venture Pelawatte

9 22

Dr Tissa Fernando Wednesday, 05 March 2025 05:52 AM

Why not hold those who made bad investments responsible and accountable. If not , stop , talking about it.

0 1

Priyan66 Wednesday, 05 March 2025 05:56 AM

Make a Insurance scheme for private sector employees like government servant's "Agrahara", as private sector is the "earners" to the country. even buildup hospitals dedicated to private sector employees. This can do using unclaimed EPF

0 2

Periyalingam Wednesday, 05 March 2025 08:23 AM

Remember pump and dump in stock market ? Losses caused to EPF funds.

0 0

Ghfffhhjjjjjjn Wednesday, 05 March 2025 08:31 AM

No one wants to talk, when that money was robbed by Namal, atleast this government will do something productive, which no government had done so far.

1 1

Yohan Wednesday, 05 March 2025 08:47 AM

These talkers are trying to steal the epf and etf money same way how jvp is stealing salaries of their mps.

2 1

Daya Wednesday, 05 March 2025 10:13 AM

Reduce the tax charged on EPF/ETF withdrawals to a reasonable amount.

0 1

Perera Wednesday, 05 March 2025 10:14 AM

How is govt going do it? All more promises and No Action!

0 2

Central Bank causing poor growth for EPF, ETF Wednesday, 05 March 2025 10:31 AM

Central Bank governor is responsible for advocating for reducing returns on existing investments of EPF and ETF. Cancel the retirement funds of all those involved to support it, and put those funds in EPF and ETF to recover it.

0 0

George Wednesday, 05 March 2025 11:24 AM

Let EPF / ETF go to the member and it should not be transferred to anyone. It's the only hard-earned money of the poor man or women.

0 1

Zarook Wednesday, 05 March 2025 12:20 PM

National Pacha Pava.

0 0

222

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.