Private sector trade union leaders allege they have not been consulted in the government decision to merge the EPF and the ETF, the two biggest funds in the country, to form a national pension gratuity fund, according to ‘Ravaya.’
They say they will discuss and take action against the decision contained in the middle-term economic vision presented by prime minister Ranil Wickremesinghe last week.
Leaders of trade unions in the state, semi-government and private sectors say they strongly oppose the decision taken without being consulted.
Convener of the state, semi-government and private sector trade unions federation Kesara Kottegoda Vithana said the World Bank and the IMF have been pressurizing the government to invest money belonging to the EPF, the biggest fund in South Asia, in the private sector.
In order to do so, Mahinda Rajapaksa tried to change the laws, but failed due opposition by the working people, he said.
But, Rajapaksa and Ajith Nivard Cabraal had defrauded the fund.