header logo
Asia asset finance
Latest
Circular issued extending retirement age of govt employees to 65
Jan 06, 202203:20 PM
Circular issued extending retirement age of govt employees to 65

The Ministry of Public Services, Provincial Councils and Local Government has issued a circular extending the compulsory retirement age of government employees to 65 years with effect from January 01, 2022. 

 

The circular has been issued by the Secretary to the ministry addressed to all Ministry Secretaries, Chief Provincial Secretaries and heads of departemtns. 

 

Delivering his Budget Speech in November last year, Finance Minister Basil Rajapaksa announced that the government plans to extend the retirement age of state sector employees to 65 years.

 

The minister had noted that the average life expectancy has increased and that the ageing population of the country is on the rise.

 

As they are also able to engage in active service for a longer period of time, it is essential to make use of their experiences and maturity, he added, proposing to extend the age limit for public servants’ pension.

 

Meanwhile the Cabinet approval was granted to make the necessary amendment to the act on January 03, 2022. 

 

 

 

MostRead
Mobitel 5g
VideoStories
Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

Private bus operators demand 5% fare revision following the fuel price hike

Private bus operators demand 5% fare revision following the fuel price hike

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

Sri Lanka likely to face drought in July-August as El Nino threat grows - Met Dept.

Sri Lanka likely to face drought in July-August as El Nino threat grows - Met Dept.

Funds collected under ‘Rebuilding Sri Lanka’ initiative remain unused in Treasury DST account?

Funds collected under ‘Rebuilding Sri Lanka’ initiative remain unused in Treasury DST account?

Fuel import costs hit USD 522 million in May,highest monthly foreign reserve outflow

Fuel import costs hit USD 522 million in May,highest monthly foreign reserve outflow

Cabinet approves allocation of over Rs. 500 million  for key development projects in 23 cities

Cabinet approves allocation of over Rs. 500 million for key development projects in 23 cities

“Govt. will fulfill public aspirations”  Past welfare programs fostered political dependency: PM

“Govt. will fulfill public aspirations” Past welfare programs fostered political dependency: PM

"CPC incurring massive losses on fuel sales" Cabinet Spokesman says fuel price revisions inevitable

"CPC incurring massive losses on fuel sales" Cabinet Spokesman says fuel price revisions inevitable

“Preserving the Himalayas, a global responsibility”  Nepal Embassy celebrates Int'l Sagarmatha Day

“Preserving the Himalayas, a global responsibility” Nepal Embassy celebrates Int'l Sagarmatha Day

“Sri Lanka is facing a massive economic crisis” Sajith urges govt. to act decisively (English)

“Sri Lanka is facing a massive economic crisis” Sajith urges govt. to act decisively (English)

"Fuel price hike relatively minor" Consumption must be reduced to prevent further hikes – Minister

"Fuel price hike relatively minor" Consumption must be reduced to prevent further hikes – Minister

Lassana Flora