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EPF will be amended to give more relief to workers

Sep 30, 2010 11:08:20 AM - itnnews.lk

A new Amendment will be introduced to the Employees Provident Fund to grant additional benefits to the working class. The Cabinet gave the nod for the amendment.

Cabinet Spokesman Keheliya Rambukwella said major amendments will include the withdrawal of 30% of members from the funds for housing and medical treatment. Housing purposes will cover construction of a house, purchase of land for construction of a house, purchase of housing property, redemption of mortgage on housing property and for the settlement of an outstanding balance of a housing loan received from an approved Bank. He opined that medical treatment will cover, heart surgery, by-pass surgery, treatment for cancer, kidney transplant, cesarean operation or for hospitalization for not less than 14 days.

The Cabinet also approved a proposal to draft a Bill to give effect to the International Convention for the Suppression of Acts of Nuclear Terrorism. Minister Rambukwella said the Convention bolsters the global legal framework to counter terrorist threats and is a key part of global efforts to prevent terrorists from gaining access to Weapons of Mass Destruction.