Employees' Trust Fund Board

Employees' Trust Fund Board is rated 3 out of 5 in the category government relations. Read and write reviews about Employees' Trust Fund Board. The ETF Board was established under Act No-46 of 1980 and commenced operations on 1st March 1981 under the Ministry of Labour and currently functions under the Ministry of Development Assignments since mid June 2017. 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 35 years, the Fund has grown rapidly and achieved a total Fund of about Rs 218.5 Billion by end of December 2015 whilst serving to about 2.5 Million active members on behalf of whom about 76,000 Employers contribute to the Fund.