Employees' Trust Fund Board

What Employees' Trust Fund Board does

Employees' Trust Fund Board (ETFB) is a statutory body of the Government of Sri Lanka, established on 1 March 1981 under ETF Act No. 46 of 1980, operating under the Ministry of Finance, Planning and Economic Development. The Board administers a mandatory employer-funded retirement savings scheme requiring all private sector employers and non-pensionable public sector employers to contribute 3% of each employee's total monthly earnings. Self-employed individuals and Sri Lankan migrant workers may participate voluntarily at a minimum of LKR 500 per month. As of December 2025, the Fund held approximately Rs. 637.46 billion in assets across 2.5 million active members and 84,491 contributing employers.

The core technology stack consists of a computerized member accounts system for contribution tracking and claims disbursement, supplemented by an e-services portal (eservices.etfb.lk) for online balance viewing, claim status tracking, and employer login. An online appointment booking system (appointment.etfb.lk) and dedicated employer login portals support member self-service and employer compliance. Electronic payment integration exists with nine Sri Lankan commercial banks (Bank of Ceylon, Commercial Bank, People's Bank, Sampath Bank, Seylan Bank, Nations Trust Bank, DFCC Bank, HNB, and NDB). Investment portfolio management handles asset allocation across government securities (75.28%), government bank fixed deposits (18.17%), equities (3.99%), and units (0.08%), with a total investment portfolio of Rs. 292.83 billion as of December 2025.

ETFB's revenue model combines mandatory 3% employer contributions (Rs. 37,224 million collected in 2023) with investment income (Rs. 67,118 million in 2023) and surcharges/penalties on late payments (5-50% depending on delay duration) and Form II return filing (1% per month surcharge). The Board distributes services through 19 regional and district branch offices organized into three operational zones, plus digital channels. Beyond the statutory retirement balance, ETFB provides eight non-statutory welfare benefits at no cost to member balances, including free life insurance (Rs. 100,000), total permanent disability cover (Rs. 300,000), heart surgery assistance (Rs. 350,000), hospitalization cover, kidney transplant aid, and education scholarship programs (Grade 5, G.C.E. A/L, and vocational training). Net profit for 2023 reached Rs. 55,942 million, up from Rs. 36,978 million in 2022 and Rs. 28,569 million in 2021.

Name

Employees' Trust Fund Board

Legal name

Employees' Trust Fund Board

Website

https://etfb.lk

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

101–250 employees

Short description

Employees' Trust Fund Board is a Sri Lankan statutory body that administers mandatory 3% employer-funded retirement savings for 2.5 million active members across 84,491 employers, managing a Rs. 637.46 billion fund through 19 branches and digital self-service channels.

Ownership category

akta.pro rank

Product category

Statutory Employee Trust Fund Administration

NAICS

Insurance and Employee Benefit Funds (5251), Pension Funds (525110), Health and Welfare Funds (52512), Trust, Fiduciary, and Custody Activities (523991)

SIC

Services-Membership Organizations (8600), Accident & Health Insurance (6321)

akta.pro primary industry

Employee Benefit & Retirement Plan Trust Services (FSAAANAC)

akta.pro secondary industries

Taft-Hartley / Labor Union & Public Sector Retirement Systems (FSAAAGAK), Group Disability Income Insurance (Employer-Sponsored) (FSAIAIAB), Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF)

Keywords

• Statutory pension fund
• Employee trust fund administration
• Employer contributions management
• Retirement savings scheme
• Employee welfare benefits

Headquarters

HQ city

Colombo 05

HQ country

Sri Lanka

HQ region

Asia

Offices20 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others

Revenue model

1. Employer contributions (3% of monthly earnings): Employers contribute 3% of each employee's total monthly earnings to the ETF Fund. Contributions are mandatory for all public sector (non-pensionable) and private sector employers. Self-employed and migrant workers may contribute voluntarily at a minimum of LKR 500/month.
2. Investment income: The Fund invests contributions in government securities (75.28% as of Dec 2025), government bank fixed deposits (18.17%), government-guaranteed securities (0.6%), equities (3.99%), and units (0.08%), generating investment income credited to member accounts.
3. Surcharges and penalties: Late payment of contributions attracts surcharges ranging from 5% to 50% depending on the duration of delay. Failure to file half-yearly Form II returns also attracts a 1% surcharge per month.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

The Employees' Trust Fund Board administers a statutory national employee trust fund for Sri Lanka, collecting mandatory 3% monthly employer contributions from public (non-pensionable) and private sector employers and crediting them to individual member accounts with annual interest and bonus. It disburses statutory withdrawal benefits on retirement, death, permanent disability, emigration, or joining the government pension scheme, and pays eight non-statutory welfare schemes (life insurance, disability, heart surgery, kidney transplant, eye lens, hospitalization, and two scholarship programs) at no deduction from member balances. It also serves self-employed persons and migrant workers on a voluntary basis from a minimum of LKR 500/month.

Product overview

Employees' Trust Fund Board operates a unified trust fund management platform consisting of a core contribution collection and member administration system integrated with multiple digital service modules. The main platform handles ETF contributions (3% from employers), statutory benefit withdrawals, and investment management. This core system is supplemented by e-Services for online member access, two scholarship schemes (Nipunatha Saviya for vocational training and Vishwa Yathra for university education), an online appointment booking system, holiday bungalow booking, non-statutory welfare benefits (life insurance, disability cover, medical assistance), and 19 branch offices across Sri Lanka for decentralized service delivery.

Differentiator

Problem solved

Functional benefit

Products and services

• ETF Statutory Benefit Withdrawal Statutory benefit allowing members to withdraw their full ETF balance (employer contributions plus credited interest and bonus) on retirement, death, permanent disability, permanent emigration, or transition to the government pension scheme. Standard processing is 21 days, expedited is 14 days. Available to all eligible Sri Lankan ETF members.
• Non-Statutory Welfare Benefits Package A package of eight welfare benefits paid without deduction from member balances: free life insurance (Rs. 100,000 to beneficiaries on member death), total permanent disability cover (up to Rs. 300,000), heart surgery assistance (up to Rs. 350,000), kidney transplant aid, eye lens implantation reimbursement, hospitalization insurance (Rs. 50,000/year), Grade 5 scholarship (Rs. 15,000 each for up to 9,000 students), and GCE A/L education assistance (Rs. 12,000 each for up to 5,000 students).
• Nipunatha Saviya Vocational Training Scholarship

Quantifiable outcome

• Fund value grew to Rs. 637.46 billion as of December 31, 2025
• +8 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Partnerships

Three partnerships are on record, tiered minor and core.

• NDB BankminorOthersNDB Bank partners with ETFB to offer the 'Vihana' housing loan scheme to ETF members. Members can obtain preferential interest rate housing loans from NDB Bank with loan amounts ranging from LKR 100,000 to LKR 2,500,000, with interest rates of 10-12% based on account balance tier. The scheme requires a minimum of 5 consecutive years of active ETF membership.
• Government of Sri LankacoreStrategic or Co-development PartnerETFB invests primarily in Sri Lankan Government securities (Rs. 220.44 billion, 75.28% of portfolio as of Dec 2025), Government bank fixed deposits (Rs. 53.22 billion, 18.17%), and Government-guaranteed securities (Rs. 1.74 billion, 0.6%). The Fund's mandate under Section 8(e) and 9 of ETF Act No. 46 of 1980 authorizes investments in Government securities.
• Labour Department of Sri LankacoreStrategic or Co-development PartnerETFB requires employers to first register with the Commissioner General of Labour before enrolling with ETFB. The Labour Department issues employer registration numbers that are used by ETFB for contributing employers. This creates a joint enrollment process between both statutory bodies.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• National Social Security Fund (NSSF) Kenya: Kenyan statutory pension fund administering mandatory contributions from formal-sector employees, with similar remit of retirement savings plus welfare benefits. Comparable in scale, mandate, and emerging-market context.
• National Pension System (NPS) India: India's regulated pension system for government and private sector employees with defined-contribution architecture. Comparable in operating under a statutory framework with employer-linked contributions and tiered account structures.
• National Social Security Fund (NSSF) Uganda: Ugandan statutory pension fund managing mandatory 5% employee + 10% employer contributions with investment portfolio in government securities and equities. Comparable in providing welfare benefits alongside retirement savings in an emerging market.
• Central Provident Fund (CPF) Singapore: Singapore's statutory social security savings scheme with mandatory employer/employee contributions for retirement, healthcare, and housing. Comparable in providing multi-purpose welfare benefits on top of retirement savings, with similar mandate structure.
• Employees' Provident Fund (EPF) Sri Lanka: Sri Lanka's other statutory employee benefit fund, administering retirement savings via employer and employee contributions (currently 8% employee + 12% employer for EPF, plus 3% to ETF). Direct comparator in terms of statutory mandate, member base, and government-controlled investment policy.
• Public Service Pension Scheme (PSPS) Sri Lanka: Sri Lankan government pension scheme for pensionable public sector employees — the explicit counterpoint to ETF, which covers non-pensionable public sector employees and private sector workers. Operates under the same domestic regulatory context.
• Employees' State Insurance Corporation (ESIC) India: Indian statutory body administering social insurance and benefit schemes for organized sector workers, including healthcare, disability, and maternity benefits funded by employer/employee contributions. Directly comparable as a South Asian statutory employee benefit administrator.
• Employees Provident Fund (EPF / KWSP) Malaysia: Malaysia's statutory retirement fund managing contributions from private sector employees with mandatory rates, decentralized branch network, and similar welfare/withdrawal scheme structure. Among the largest and most mature comparable statutory fund administrators in Asia.

Broad incumbents

• Pension Fund Regulatory and Development Authority (PFRDA) India: Indian statutory regulator overseeing pension funds including NPS, ATAL Pension Yojana, and other retirement schemes. Relevant comparator as a regulatory anchor in a South Asian statutory pension ecosystem, though it regulates rather than directly administers a single fund.

Regional players

• Provident Fund of the Maldives: Maldives' statutory retirement benefit scheme for employees, operating in a South Asian regulatory context similar to ETFB but serving a much smaller economy. Regionally comparable in mandate and structure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCHnr00856WLBwTL4deTqpeA
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/employees-trust-fund-board

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Employees' Trust Fund Board