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Discrepancy in interest paid to EPF members: SC moved by lawmaker

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Gevindu Cumaratunga

By Shamindra Ferdinando

SLPP National List MP Gevindu Cumaratunga and member of Uththara Lanka Sabhagaya has moved the Supreme Court seeking equal treatment to all members of the Employees Provident Fund (EPF).

Cumaratunga, who is also the President of Yuthukama National OrganiSation has acted in terms of Article 126 read with Article 17 of the Constitution.

The apex court’s intervention has been sought on the basis that EPF members were paid 9% interest for 2022 in terms of the EPF Act No 15 of 1958 whereas members of the Central Bank Provident Fund received 29.27% in the same year. However, with regard to Employees Trust Fund (ETF), there hasn’t been any discrepancy with all members receiving 8.75% in 2022.

Lawmaker Cumaratunga has told the SC that after an inordinate delay State Finance Minister Shehan Semasinghe on Nov 07, 2023 disclosed the difference in interest payments made to EPF members and the Central Bank group. According to the civil society activist, the questions regarding EPF interest and related matters were submitted to parliament in July 2023.

The petition named the Central Bank as the first respondent followed by the Governor of the Central Bank, Attorney General, State Finance Minister and Commissioner General of Labour as respondents.

The petitioner was represented by Attorney-at-Law Sawani Rajakaruna.

MP Cumaratunga said the State Finance Minister’s declaration that the difference in EPF interest was primarily due to the difference in the return distribution policies of each fund was flawed and couldn’t be acceptable.

Lawmaker Cumaratunga questioned the very basis of the declaration that the EPF was the most caring superannuation fund in the region to ensure sufficient benefits to its members. He has brought to the SC’s notice that in the year EPF members were paid 9% while Central Bank members received 29.27%, annual interest, while the inflation stood at a staggering 46.4%

The petitioner requested the SC among other matters to transfer /credit Rs 21,000,000,000 that had been wrongly transferred to the Profit Equalization Fund, to the profit available for distribution and transfer/credit Rs 29,000,000,000 from the profit Equalization Reserve for profit available for distribution. The petitioner pointed out that this would enable the re-calculation and re-fixing of interest payable to each EPF member at 11 % or above for 2022. The petitioner also requested that the interest paid to Central Bank members of the fund should be re-fixed at an equitable rate as deemed by the SC.



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House erupts over suspension of Deputy Secretary General

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Opposition and SJB Leader Sajith Premadasa yesterday raised concerns over the recent suspension of Parliament’s Deputy Secretary General and Chief of Staff, G.K.A. Chaminda Kumara Kularatne, alleging that the process appeared to be mala fide. Addressing Speaker Jagath Wickramaratne in Parliament, Premadasa said that the existence of a personal disagreement between the Speaker and the suspended official had created a potential conflict of interest.

Premadasa said disciplinary action against senior parliamentary officials had to be taken in keeping with established parliamentary precedents. He also questioned the legality and propriety of a lower-ranking official leading an inquiry against a senior officer.

“For the first time, we are witnessing a rift between the Speaker and the staff of the Secretary-General. All parties must step back, act democratically and ensure that the fundamental rights of Chaminda Kularatne are safeguarded,” he added.

ITAK Batticaloa District MP Shanakiyan Rasamanickam said Kularatne had not been given an opportunity to respond to the allegations made against him.

“This is a disgraceful situation. A complaint has been lodged against you with the Bribery Commission. Parliament is the supreme institution of democracy in this country, and the precedent being created here is dangerous,” Rasamanickam said, addressing the Speaker.

SJB Kandy District MP Chamindranee Kiriella said the Speaker was duty-bound to inform the House before disciplinary action was taken against a parliamentary official. SJB MP Ajith P. Perera said it was unethical for the Speaker to assume a leadership role in the inquiry, and called for the matter to be entrusted to an independent authority.

Responding on behalf of the Government, Chief Government Whip and Health and Mass Media Minister Dr Nalinda Jayatissa said the chief investigating officer, S.K. Liyanage, an Additional Secretary, had been appointed by the Staff Advisory Committee on 25 August, 2025. He said Liyanage had been selected from a pool of qualified officers at the Ministry of Public Administration and had prior experience in conducting investigations.

Leader of the House and Transport Minister Bimal Rathnayake said the Staff Advisory Committee had agreed on the respective powers of parliamentary officials, noting that the Secretary General would hold powers equivalent to those of Ministry Secretary, while the Deputy Secretary General would hold powers equivalent to those of an Additional Secretary.

“There is no irregularity in the conduct of the investigation or in the appointment of the investigating officers,” Rathnayake said.

On 24 January, 2026, Parliament announced the immediate suspension of Deputy Secretary General and Chief of Staff Chaminda Kularatne with effect from 23 January, citing concerns relating to his appointment. Kularatne had assumed duties on 15 September, 2023.

On Monday, Kularatne filed a complaint with the Commission to Investigate Allegations of Bribery or Corruption against Speaker Jagath Wickramaratne, alleging corruption. His legal counsel, Attorney-at-Law Mithun Dias, said the complaint had been filed against the Speaker in his personal capacity and not against the government.

However, Dr Jayatissa told the House that the investigation into Kularatne was based on concerns relating to his appointment, qualifications and the process by which he had been confirmed in that post and was not linked to any personal dispute with the Speaker.

By Saman Indrajith

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78th Independence Day celebrations at Bogambara Stadium

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The 78th Independence Day celebrations in the Central Province are scheduled to be held today from 8:00 AM at the Bogambara Stadium, Kandy.

The celebrations are jointly organised by the Central Provincial Council and the Kandy District Secretariat. The Governor of the Central Province, Prof. S.B.S. Abeykoon, is expected to grace the occasion as the Chief Guest.

The event will also see the participation of Kandy District Members of Parliament, the Chief Secretary of the Central Province, Mr. Ajith Premathilake, as well as representatives from the Tri-Forces, Police, school students, and various voluntary organisations.

The ceremony will feature a formal parade and cultural performances by school children.

By S.K. Samaranayake

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Colombo-Kandy railway line to be fully restored this year – Minister Bimal

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Minister of Transport, Highways, and Urban Development, Bimal Rathnayake, has announced that the reconstruction of the Colombo-Kandy railway line, which was severely damaged by landslides in the Balana and Kadugannawa areas, will be completed within this year to restore normal train services.

The Minister made this statement during the Kandy District Development Committee meeting held at the District Secretariat. He noted that work will commence following the observations and technical reports provided by the National Building Research Organisation (NBRO) regarding the stability of the landslide-affected areas.

Financial Management and Development

Minister Rathnayake emphasised that the government possesses the necessary funds for development projects.

“Our government has the funds. However, all officials must ensure these funds are managed efficiently so that they are fully utilised for development, without being returned to the Treasury at the end of the year,” he stressed.

Improvements in Public Transport

Highlighting the progress in the transport sector, the Minister shared several key updates

• Recruitment: 700 new employees have been recruited to the Sri Lanka Transport Board (SLTB) and are currently undergoing training.

• School Transport: Steps are being taken to strengthen the ‘Sisu Sariya’ school bus service within the Kandy District.

• Infrastructure: The reconstruction of the Peradeniya Black Bridge (Kalu Paalama), which was damaged during the ‘Ditwah’ disaster, is nearing completion.

Welfare facilities for Private Transport Workers

The Minister also revealed plans to support the welfare of private bus drivers and conductors.

“We must look after the workers in the private transport sector as well. We are planning to establish a welfare fund for them and are taking steps to include them in the Employees’ Provident Fund (EPF) system,” he added.

Concluding his remarks, the Minister urged state officials to perform their duties responsibly and ensure that the inefficiencies seen under previous administrations do not recur.

By S.K. Samaranayake

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