The Government Information Center

The ETF Board was established under Act No-46 of 1980 and commenced operations on 1st March 1981. It was established under the Ministry of Labour and brought under the Ministry of Finance in 1997 and currently under the Ministry of National Policies and Economic Affairs since October 2015. All public sector employees who are not entitled to the Govt. Pension Scheme and all private sector employees are members of this Fund while their employers are required to remit 3% of the gross earnings of their employees to the Fund, monthly. Hence, unlike the EPF, only the employer makes a contribution on behalf of the employee/member and hence, it is a non-contributory benefit to the member. During the past 37 years, the Fund has grown rapidly and achieved a total Fund of about Rs 245 Billion by end of December 2016 whilst serving to about 2.6 Million active members on behalf of whom about 79,000 Employers contribute to the Fund.