Cabinet Approves Study for EPF-ETF Operational Integration

The Sri Lankan Cabinet has approved the formation of a Senior Officials Committee tasked with examining the feasibility of integrating the operations of the Employees' Provident Fund (EPF) and the Employees' Trust Fund (ETF) under a unified governance framework. The EPF, established in 1958, currently covers over 2.5 million members and manages assets exceeding Rs. 4.9 trillion. While the Central Bank of Sri Lanka oversees the EPF's custodianship, investment management, financial administration, and benefit payments, the Department of Labour handles registration and compliance. This committee's study will explore how these two significant worker funds can operate under a single administrative structure.