Trade Union protesters failed to turn up for meeting on DDO impact to EPF: CBSL

A group of persons who staged a protest today near Fort Railway station against the potential impact on EPF due to the implementation of the Domestic Debt Optimisation programme (DDO) failed to turn up for a meeting with officials of Central Bank of Sri Lanka (CBSL) at last minute, the CBSL said. 

“During the protest…the said group of persons who claimed themselves as representatives of the members of the Employees’ Provident Fund (EPF) through the Colombo Fort Police Station requested for a meeting with the officials of the Central Bank of Sri Lanka (CBSL) to discuss the matters pertaining to DDO and EPF,” the Bank said 

In response to the said request, the Governor of the CBSL, through the officials of the Colombo Fort Police Station, has informed the said group of persons that a meeting will be convened today itself at 2.30 p.m. at the CBSL premises with five persons representing the said group of persons, according to a statement issued by CBSL. “However, after communicating the details of the meeting, the said group of persons has informed the CBSL through the Colombo Fort Police Station of their inability to participate at the meeting,

CBSL further noted that a opportunity was missed by the said group of persons to get their concerns clarified on DDO, “the manner in which the member contributions will be guaranteed through the implementation of DDO and as to how an investment return at a minimum as it was given during the last several years to members of EPF will be given to them during the next few years as well by implementation of DDO,”