Retirement age extended to 57

The retirement age of employees in state enterprises has been increased to 57 years from 55 years, with effect from the 1st of May this year, the Policy and Research Unit of the Presidential Secretariat said today.

Accordingly, employees in state institutions could serve until the age of 57 years without requesting for a service extension. However, this rule applies only for employees in state bodies whose retirement age has been specifically determined through a parliamentary act.

 State employees who reach the age of 55 yrs are also permitted to retire voluntarily.

In such instances, they are entitled to receive the benefits of the Employees Provident Fund and the Employees Trust Fund. The circular of the Secretary of the Treasury also points out that in the event of an employee requesting to serve until the age of 60 years, the Board of Administration of the relevant institution has the authority to accede to this request taking into consideration the service requirements of the relevant institution and the service performance of the employee.

The circular has also pointed out that it is the responsibility of the administration to fill the vacancies appropriately on retirement of officials belonging to higher management grades.