The Ministerial Consultative Committee on Labour has agreed to present the Employees’ Provident Fund (Amendment) Bill in Parliament for the second reading.
The committee also agreed to present an order to Parliament under the EPF Act.
The decision was taken at a meeting of the Ministerial Consultative Committee on Labour Chaired by Minister of Labour Nimal Siripala de Silva in Parliament yesterday.
A statement said, Sri Lankans, especially those employed in India, are required by law to contribute to the Indian Social Security Fund and are required to wait until they turn 58 to receive contributions to the Social Security Fund on their return from service.
Despite the age limit, Indian employees working in Sri Lanka are eligible to withdraw money from the Social Security Fund when they return to their home country.
Accordingly, the Employees Provident Fund (Amendment) Act is due to be presented in Parliament tomorrow, making necessary amendments to enable Lankan workers in India to receive contributions made to the Social Security Fund before the age of 58.
Also, the Committee agreed to present an order tomorrow under the EPF Act to use modern technology in the registration of employees for the EPF and to obtain information of monthly contributions of the EPF members through their mobile phone SMS Alert service.