Service Mutual Provident Association

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About PSMPA

HISTORY

In the year 1883 Mr. E. D.Soertsz a public spirited gentleman together with 38 other good spirited public servants formed what is today the PUBLIC SERVICE MUTUAL PROVIDENT ASSOCIATION. At the very first Annual General Meeting a resolution for the incorporation of the Association was moved and this materialized in the year 1891 with the enactment of the P.S.M.P.A. Ordinance No.5 of 1891(Chap 283) .Thus proudly becoming the first Association of Public Officers in the whole Asian region with a noble cause of promoting thrift.

OUR VISION

To be the best organization in thrift and benevolent services to government officers in Sri Lanka.

MISSION

To fulfill all financial and other requirements of the members by utilizing the latest technology for an efficient and speedy service oriented work ethic so that it would uplift the living standards and bring prosperity to them and also enhance the productivity of the Association and maximizing profitability and economic viability which would ultimately meet the goals and fulfill the Objectives of the Association.

OBJECTIVES AND GOALS

*	To promote thrift among members.
*	To provide relief at times of distress.
*	To aid members at times of pecuniary (Financial) difficulties.
*	To assist members in the education of their children by granting scholarships and loans.
*	To grant financial assistance at matrimonial activities of member and /or children.
*	To be of assistance at times of bereavement in the family.
*	To fulfill the dream of purchasing a property and building a house of their own by granting House and Property loans on easy repayment terms.
*	To update members in the latest information technology and knowledge by providing facilities to obtain latest technological equipment.
*	To provide medical assistance at times of serious illness/surgery.
*	To grant benefits to members at retirement.
*	To make provision for spouses and legitimate children.

CORPORATE PROFILE

Inauguration	:	1883
Legal Mandate	:	Incorporated under Ordinance No: 5 of 1891
Supervision	:	Ministry of Finance
Official Address	:	155/5, Castle Street, Colombo 8.
Contact	:	Tel:011-2683000/ 011-2685300/ 011-2665228
Email	:	psmpa@sltnet.lk
Website	:	www.psmpa.com
Membership	:	Officers holding a pension able appointment in the Public Service, Provincial Public service and Local Government Service who are under 45 years of age and in the Management Assistant service or equivalent and above.
Present membership	:	Aprox: 11,000 members.
Committee of Management	:	President and two nominated members appointed by the secretary of Ministry of Finance and other 11 members elected by the Annual General Meeting
Administration	:	Joint Secretary & Treasurer (On secondment from Public Service)
	:	Assistant Secretary. (On secondment from Public Service)
Staff	:	38 Officers in the permanent staff
Lawyers	:	Messer's D.L.& F de Saram No. 47, Alexandra Place, Colombo 7.
Bankers	:	Bank of Ceylon Rajagiriya, Bank of Ceylon Metropolitan Branch, Peoples Bank Borella.
Auditors	:	Auditor General Of Sri Lanka.