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Merging EPF and ETF: Govt. clarifies its stance
November 9, 2015 06:15 pm
The government on Monday (09) dismissed reports that there is a move to privatize the Employees Provident Fund (EPF) and the Employees’ Trust Fund (ETF).
Deputy Foreign Minister Harsha de Silva said that the government however will introduce a new national pension scheme by merging the EPF and the ETF.
The observation was made at a press conference held in Colombo.
“For the new national pension scheme, a Board of Directors will be appointed through the Constitutional Council,” Deputy Minister Ajith P. Perera said. He also added that the fund will be monitored by the Public Wealth Trust.
