The Labour Ministry has announced that strict action will be taken against over 22,450 semi-government and private institutions across the country for failing to pay or contribute to the Employees' Provident Fund (EPF). The announcement was made by Labour Deputy Minister Mahinda Jayasinghe, who expressed concern over the widespread non-compliance.
The failure of these institutions to contribute to the EPF has been an ongoing issue, impacting the financial security of thousands of employees. Jayasinghe emphasized that the ministry will not tolerate any further delays in addressing the problem and that legal measures will be pursued against defaulting employers.
“We are taking this matter seriously, and the ministry will ensure that those who have failed to meet their obligations under the EPF regulations face appropriate consequences,” said Jayasinghe. “This is crucial to safeguard the future of workers who rely on these funds for their retirement.”
The EPF, a mandatory retirement savings plan for workers, plays a vital role in ensuring financial stability for employees after they retire. The government’s intervention aims to reinforce the importance of compliance with labor laws and protect the rights of the workforce.
The Labour Ministry has called on employers to settle any outstanding EPF contributions immediately to avoid legal repercussions. Further details on the enforcement actions will be shared as investigations proceed.
Addressing the media at an event organised for the appointment of the new Commissioner General of the Labour Department, he stated that nearly Rs. 36 billion in funds have been identified as unpaid to the Employees' Provident Fund (EPF).
