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Tuesday, May 31, 2011 - 06.56 GMT
Proposed private sector pension scheme temporarily suspended

 

The Central Committee of the Sri Lanka Freedom Party (SLFP) that met under the patronage of party leader President Mahinda Rajapaksa yesterday evening unanimously decided to temporarily hold off the proposed private sector pension scheme.

The Central Committee decided to reconsider the bill and to hold it until a new bill that suits the needs of the private sector employees is drafted.

SLFP Central Committee granted powers to the parliamentary group of the ruling coalition to proceed with the matter.

The government also decided to exempt Free Trade Zone (FTZ) employees from the proposed private sector pension scheme.

This new pension scheme introduced by the government will entitle nearly six million private sector employees for pension benefits.

The government has decided to consider the requests made by FTZ employees and exempted them because the government's intention was to introduce the scheme after considering public ideas and views too.

Meanwhile, the government also decided to close the FTZ in Katunayake today to establish peace in the industrial zone.



 

                   

 
   
   
     
   
   

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Last modified: May 31, 2011.

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