Press briefing of Cabinet Decision taken on 2011-09-14

Annual Report and Accounts of the Employees? Trust Fund Board - 2010

- the Board has recorded many significant achievements during 2010. Some of them are as follows:

* the total contribution of Employers has been Rs.9.83 billion, which is an increase of Rs.1.1 billion than the previous year;
* the Board earned a net profit Rs.15.05 billion in 2010, while Rs.13.32 billion was distributed to members at the end of the year as interest and dividends;
* the value of the funds exceeded Rs.125 billion at the end of the year; and,
* a total of 4265 new employers commenced contribution to the Fund during the year and total number of employers contributing to the fund at the end of 2010 had increased to 62,731.

During 2010 the following two benefit Schemes were introduced to members:

* Financial Grant of Rs.12,000 each to 10,000 children of ETF Members who qualify in the GCE (A/L) Examination with high marks.
* Grade V Scholarship Assistance for children of disabled ETF members.