SJB to present amendments to the EPF Act – Harsha (Video)



The Samagi Jana Balawegaya (SJB) hopes to present amendments to the Employees’ Provident Fund (EPF) Act to ensure an equitable treatment in restructuring domestic debt, SJB MP Harsha de Silva says.

Speaking to reporters yesterday (July 12) the MP said that the party will propose amendments that, if passed, will see a minimum benefit paid to EPF members or pay the same interest rate paid to other players in the market, or a rate that reflects inflation.

The amendment will be proposed with 2.6 million active EPF accounts in mind over the next 15 years during which Sri Lanka’s domestic debt restructuring (DDR) will be in effect, said de Silva.

Opposition parties in Sri Lanka according to the SJB have criticized the DDR programme over alleged injustice to EPF members.


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