MP de Silva stays real on expected real returns for EPF
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[…] In the [EPF] Act itself it specifies 2.5% return. […] at the time inflation was at around 1 percent, if you look at 5 years prior to 1958, the average would have been 1 percent. […] Over the years, some years have been positive, and some returns have been negative in terms of real returns. Last year the EPF return on a real basis was -47%. […]
Newsline | May 22, 2023
Posted on: 29 September, 2023
True
Minister Lokuge: Not so strong on strength of EPF
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The Employees Provident Fund has become the strongest fund in Asia today.
Parliament Hansard | February 9, 2021
Posted on: 22 April, 2021
False