Employees' Provident Fund, Sri Lanka
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under the Act No. 15 of 1958 by S. W. R. D. Bandaranaike, and as at December 2010, it had LKR 899.6 billion, which is equivalent to 16% of the GDP. The EPF offers a joint action plan by the employer and the employee to save money by targeting retirement and future to the government as well as private sector.
