The Employees’ Trust Fund Board commenced operations on 1st March 1981 and functioned under the Ministry of Labour until 1997. Thereafter, to date it functions under the Ministry of Finance and Planning.

The main features of this Fund is that all Private and Semi Government sector Employers contribute 3% of the gross salary of their employees monthly to the Fund while the Fund implements a range of social and welfare benefits to the members during their employment. The special feature of the welfare benefits provided is that no recovery is made from the member’s balances for providing any of the social and welfare benefits.  In addition, the member can withdraw the entire Fund balance lying to his credit at retirement or once in 05 years, if employment is changed. Presently the Fund has around 2.1 million members employed by 60,000 Employers and the value of the Fund as at end of July 2011 is Rs: 122 billion which is a fulfillment of our target to achieve a total Fund of Rs: 100 Billion by year 2010.

The progress of the Board has increased encouragingly and remarkably during the past few years in every aspect including Collections, Investment Income, Surcharge Income, Growth of the Fund etc. In 2009 the Fund earned a Net Profit of Rs:13,961 million and was able to declare a total Dividend + Interest rate of 13% to all members. All major operations have been de-centralized with 17 Regional Offices operating island wide with the usage of modern IT facilities. The total staff of the Board is around 850 most of whom are young and resourceful which is helpful to effectively manage the Board’s activities. It is our earnest hope to serve the members with great vigor in the coming years.

K M A Godawatta
Chairman / CEO
Employees' Trust Fund Board