PSPF receives contribution of Rs 887.09 M

By Paneetha Ameresekere | Published: 2:00 AM Oct 22 2020
News PSPF receives contribution of Rs 887.09 M

By Paneetha Ameresekere

The Public Service Provident Fund (PSPF) received total contributions of Rs 887.09 million in 2019, of which Rs 395.79 million was paid out to 5,070 beneficiaries who retired from the Fund that year, the Pensions Department, in a report submitted to Parliament on 7 October, said.

The number of new beneficiaries included into the PSPF in 2019 was 8,593, while the number of beneficiaries removed from that list comprised 5,077. The interest paid on contributions made by beneficiaries in 2019 was 10.71 per cent. 

By Paneetha Ameresekere | Published: 2:00 AM Oct 22 2020

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