Sri Lanka, April 16 -- The Employees' Provident Fund (EPF) has strengthened its position as the leading entity in the superannuation sector, accounting for 81.0% of the sector's total assets by the end of 2024.

The Fund's net worth rose by 12.6% year-on-year to Rs. 4,375.7 billion, up from Rs. 3,886.7 billion in 2023, primarily driven by robust investment returns and a rebound in net contributions.

Total contributions received during 2024 increased by 11.3% to Rs. 234.4 billion, while refund payments to members and legal heirs fell by 12.9% to Rs. 188.1 billion. This shift translated into a positive net contribution of Rs. 46.3 billion for the year, a significant turnaround from the Rs. 5.3 billion net outflow recorded in 2023.

The EPF...