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Employees are entitle for EPF & ETF in addition to the pension

May 25, 2011 11:12:42 AM - itnnews.lk

The Government is under strong criticism instead of praise due to the baseless and false campaign mooted by the opposition with regard to the proposed pension scheme. This was stated by Minister Basil Rajapaksa.

The Minister pointed out that the private sector employees will not lose their Employees Provident Fund, Employees Trust Fund and even their gratuity due to the proposed pension scheme. In addition to these payments, an employee who retires after 10 years of service will be eligible to secure this pension. He pointed out that the Government will introduce amendments to the scheme so that employees who retire before 10 years will also be eligible to receive the pension. He added that the Government will be taking immediate measures to educate the employees about the due amendments.