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Wednesday May 18th, 2022
Economy

Gazette issued extending Sri Lanka’s public servants’ retirement age to 65

ECONOMYNEXT – Sri Lanka’s ministry of public services issued a gazette notification on Wednesday (19) extending the retirement age of public servants in Sri Lanka to 65.

However, workers have the freedom to retire at the age of 55 if they so wish, the gazette said.

The extension is effective as of January 01, 2022.

‘‘Retirement shall be compulsory for all the civil public servants attaining the age of sixty-five years, other than the officers whose compulsory age of retirement is specifically defined by the constitution or any other law unless a decision is taken by a proper authority to retain the officer further in service,” the gazette said.

With regard to pension, the gazette said if a post was held for 120 months (10 years), whether the employment contract was permanent or part time, the employee is entitled to receive a pension 1/3 of their salary for 10 years and will be increased by 1/30th of the salary for each complete year of service in excess of 10 years up to a maximum of 2/3rd of the last drawn salary for 20 years of service on the termination of his service on any ground other than inefficiency or misconduct. (Colombo/Jan20/2022)

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  1. e.weerapperuma says:

    the Act does not talk of the private sector/ private schools and institution. It would be fine if someone take the burden to explain how this could be appried to sectos other than the state sector . wiruma

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  1. e.weerapperuma says:

    the Act does not talk of the private sector/ private schools and institution. It would be fine if someone take the burden to explain how this could be appried to sectos other than the state sector . wiruma