New Bill to amend Provident Fund | Daily News

New Bill to amend Provident Fund

Minister of Labour Nimal Siripala de Silva
Minister of Labour Nimal Siripala de Silva

A new Bill will be presented in parliament next month to expedite solving of problems of employees of the private sector and state corporations as well as statutory boards regarding Provident Fund, gratuity and compensation issues.

Minister of Labour, Nimal Siripala De Silva said that this initiative will provide huge security for over 3.6 million employees working in state corporations, statutory boards and the private sector. He also said that certain Provident Fund cases are still active in courts for about 10 years and as a result, a retired employee is subject to much inconvenience when obtaining the provident fund contributions.

“According to the new bill if someone goes to a higher court regarding the provident fund or ex-gratia payments or against the sum ordered by the Commissioner-General of Labour to be paid by the employer that money should be compulsorily deposited with either the Commissioner General of Labour or at the court where the initial verdict was given.

The Minister also said that at present 15,078 cases in connection with provident fund and ex-gratia payments are being heard at Courts.