- the Central Bank of Sri Lanka manages the Employees’ Provident Fund which has an asset base of Rs.1 trillion and the bank in recent years has invested about 10% of its assets in income earning commercial assets which has gained capital appreciation of around Rs.10 billion this year. It is intended to distribute dividends to members of the Provident Fund who have active accounts of over ten years, and also to increase the employer contribution to the fund by 2% making it 14% by the employer so that each employee will have 22% saving from their salaries, in keeping with the Budget proposals for the year 2015. The proposal made by Hon. Gamini Lokuge, Minister of Labour and Labour Relations, to instruct the Legal Draftsman to draft amending legislation to the Employees’ Provident Fund Act, No.15 of 1958 accordingly, was approved by the Cabinet.