The Government decides to amend the Employees’ Provident Fund Act No. 15 of 1958 so that the benefits and interest rates on the contributions of the members of the Employees’ Provident Fund can be fixed.
The government has recognized the need to confirm the pension payments and benefits of the members of the fund through the optimization of the treasury bonds owned by the Employees’ Provident Fund under the Domestic Debt Optimization Program.
Accordingly, taking into account the annual interest benefit percentages paid to the members of the Employees’ Provident Fund during the last five (05) years, the annual interest rate on the contributions for the next four (04) years from 2023-2026 will be prescribed as at least 9%.
For that purpose, the Cabinet of Ministers approved the proposal presented by the President as the Minister of Finance, Economic Stabilization and National Policy to amend the Employees’ Provident Fund Act No. 15 of 1958.
