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| Sunday, 24 November 2002 |
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| News Business Features Editorial
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ETF Board meets employers The Employees Trust Fund (ETF) Board has been meeting employers who make large contributions to the Fund during the last few weeks with a view to maintaining a close relationship with them and to create an awareness of the benefits which active members are eligible for. To bring the Board closer to the members and employers, the management is targeting a higher return to the members for 2002 by reducing recurring expenditure, improving Treasury management and increasing compliance among employers. The Board has taken steps to update the member accounts and is in the process of mailing over 220,000 annual member statements per month. Claim settlement is handled within 21 days for over 65 per cent of the claims received. The employers were enlightened on the benefits available to their employees which includes the housing loan scheme 'Viyana' and the procedure for making claims. The strengthening of the financial position of the Board during the past eight months and the progress achieved by restructuring the regional set-up of the Board was also explained. Eighty per cent of the total monthly contributions to the ETF are made by 25 per cent of the employers, mostly within the Western Province. Similar meetings are planned in Galle and Kandy. |
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News | Business | Features
| Editorial | Security Produced by Lake House |
