December, 18, 2019
The government will raise the contribution by employers to the Employees' Provident Fund (EPF) to 15% from the existing 12% and introduce an insurance scheme for public and private sector employees who become unemployed, a government policy document said.
This was affirmed in the fourth chapter of the policy document titled “A Productive Citizen and a Happy Family.”
Under the sub-sector 'Public Service' the government has announced several activities in order to establish a People-Centered Community. Such as;
Currently, Sri Lankan employees contribute 8% from their salary to the EPF and the employer contributes 12%.