The ETF Board was established under Act No-46 of 1980 and commenced operations on 1st March 1981. It was established under the Ministry of Labour and brought under the Ministry of Finance in 1997. Now HE the President functions as the Minister in charge of ETF in his capacity as the Minister of Finance. All public sector employees who are not entitled to the Govt. Pension Scheme and all private sector employees are members of this Fund while their employers are required to remit 3% of the gross earnings of their employees to the Fund, monthly. Hence, unlike the EPF, only the employer makes a contribution on behalf of the employee/member and hence, it is a non-contributory benefit to the member. During the past 32 years, the Fund has grown rapidly and achieved a total Fund of about Rs 174 Billion by end of December 2013 whilst serving to about 2.2 Million active members on behalf of whom about 70,000 Employers contribute to the Fund. Main Activities of the Board Collection of contributions from Employers. Prudent investment of such Funds. Providing a range of social and welfare benefits to members and paying out claims. Enforcement and Legal activities including tracking of non paying employers and collecting of surcharge income. Maintaining Member Accounts and issuing of Annual member statements. Declaration of a Dividend to members based on the profits earned by the Fund, annually. Enrolling Self employed persons as members of the Fund. 1st Floor, Labour Secretariat, P O Box 807, Narahenpita, Colombo 5, Sri Lanka.