SRI LANKA NEWS (FEBRUARY 2020) Compiled by Victor Melder. A proposal to provide increased pension benefits for those who retired after 2017 has been abandoned as the plan would cost the government a staggering Rs 130 billion annually. A senior Treasury official said that instead of increasing the pensions, the Government would come up with a revised scheme where the pensions of those who retired after December 31, 2017 would be calculated on the salary scales as at the end of 2017. Under a proposal of the former Government, the pensions were to be calculated on the basis that they had served until 2020. Accordingly, those retiring were to receive ...
Mar 3, 2020
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Articles, Victor Melder
Tagged Dr. Udaya Usgodarachchi, The Immigration and Emigration Department
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