ETF refunds after 10 years?
Nov 9, 2011
The government is considering the possibility of extending the period for refunding sums in the Employees’ Trust Fund (ETF) from the present five years to ten years, Parliament was told yesterday. Deputy Finance Minister Geethanjana Gunawardane made a statement in the House responding to a question by UNP MP Dayasiri Jayasekara.

“We are seeking the possibility of extending the term to ten years,” the Deputy Minister said.

He said the ETF possesses a sum of Rs. 132 billion in terms of contributions made by employees. The contributors are paid an interest of 8.5 percent at the moment. Altogether, there are more than nine million members contributing to the ETF.

Source: Daily Mirror - Sri Lanka