Benefits and Entitlements
Comprehensive overview of mandatory and optional employee benefits in Sri Lanka, including retirement plans, health insurance, and additional perks.
Mandatory Benefits
Paid Leave
- ✓ 14 days annual leave after one year
- ✓ 7 days casual leave per year
- ✓ Public holidays and religious observances
- ✓ Maternity leave for female employees
Provident Fund
- ✓ Employer contributes 12% of salary
- ✓ Employee contributes 8% of salary
- ✓ Total contribution of 20% to EPF
- ✓ Retirement savings mechanism
Trust Fund
- ✓ 3% employer contribution to ETF
- ✓ No employee contribution required
- ✓ Additional retirement benefit
- ✓ Government-managed fund
Optional Benefits
Health & Wellness
- ✓ Health insurance coverage
- ✓ Life and disability insurance
- ✓ Wellness programs
- ✓ Fitness facilities/memberships
Professional Development
- ✓ Training programs
- ✓ Education assistance
- ✓ Professional certifications
- ✓ Career advancement opportunities
Additional Perks
- ✓ Transportation allowances
- ✓ Housing allowances
- ✓ Performance bonuses
- ✓ Meal subsidies
Health Insurance Options
Individual Coverage
Basic health insurance for employees
- ✓ Outpatient care
- ✓ Hospitalization coverage
- ✓ Dental and vision benefits
- ✓ Prescription medication
Family Coverage
Extended coverage for dependents
- ✓ Spouse and children coverage
- ✓ Maternity benefits
- ✓ Pediatric care
- ✓ Family dental/vision
Retirement Plans
Government Schemes
Mandatory retirement benefits
- ✓ EPF (20% total contribution)
- ✓ ETF (3% employer contribution)
- ✓ Gratuity payments
- ✓ Pension schemes for eligible sectors
Private Plans
Optional retirement benefits
- ✓ Additional pension schemes
- ✓ Investment options
- ✓ Insurance-linked plans
- ✓ Flexible contribution rates
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