ETF Benefits Extended to Private Sector Employees in the Transport Industry

COLOMBO (News 1st) - The government has launched an initiative to provide benefits of the Employees' Trust Fund (ETF) to private sector employees in the transport industry.

The program aims to offer social security to those previously excluded from such welfare schemes inorder to ensure the stability and continuity of the island's transport services.

Accordingly, employees including drivers and assistants of private buses, drivers of three-wheelers, and taxis will be eligible for ETF benefits.

Under the directive Minister of Urban Development, Transport, and Highways Bimal Rathnayake,
The necessary legal structures have been finalized to register these employees.

Accordingly, a Memorandum of Understanding (MoU) was signed yesterday at the Ministry of Finance between the National Transport Commission (NTC) and the Employees' Trust Fund Board.