Explain the purpose and main features of the Employees' Provident Fund Act and the Employees' Trust Fund Act.

How to lay out the answer. Follow the frame, then write it in your own words.

1 · Open in two lines. EPF and ETF are compulsory funds that protect employees' future: EPF for retirement, ETF for savings and welfare.
2 · EPF: purpose and contributions. 1958 Act; employer and employee both contribute monthly; individual accounts earn interest.
3 · EPF: management and benefits.
- Department of Labour administers; CBSL Monetary Board is custodian.
- Paid at retirement age, incapacity, marriage, migration, death; partial withdrawal and housing loans.
4 · ETF: purpose, contributions and benefits. 1980 Act; employer only; ETF Board; balance on retirement and other set events, plus welfare benefits.
5 · Compare in a table. [Table: law / who contributes / who manages / purpose / benefits]
6 · Employer's duties. Register, deduct correctly, remit on time, keep records; surcharges and legal action for default.
7 · In Sri Lankan business. A Biyagama garment factory remitting EPF and ETF each month.
8 · Close in one line. Together they give private-sector workers a safety net that a pension gives public servants.

Scoring tip: Never guess contribution percentages. The comparison table carries the marks.