govt employees retirement age: increase the retirement age of government employees to 65; Jackpot announcement! – sri lanka raised retirement age for government employees to 65 in budget 2022

Highlights:

• Presentation of the Budget for the year 2022 in the Parliament of Sri Lanka
• Introducing various welfare schemes to government offices and employees
• More funds have been allocated for education, health and employment

The corona virus infection in Sri Lanka has attacked and caused various infections. The new vulnerabilities in the last third wave hit a huge peak and shocked. Currently the daily incidence has dropped from 9,000 to less than 800. In this context, Finance Minister Basil Rajapaksa presented the budget for 2022 in the Sri Lankan Parliament. Speaking on the occasion, he said that projects would be implemented to increase the revenue of the state without imposing any burden on the public and without any hindrance to the manufacturing sector.

Introducing the new pay commission

He subsequently announced various welfare schemes. Of this, 30,000 million rupees will be allocated to resolve the teachers’ salary dispute. A new pay commission will be introduced to resolve the pay dispute of government employees. The pay system for civil servants will be further simplified. Expenditures of government agencies will be allocated separately for each quarter.
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Government services are completely computerized

The telecommunications transaction structure will be expanded. High speed internet facility will be provided in all schools. Rs.500 million will be allocated to fully computerize government services. Electricity tariff will be reduced by 10 percent. The price of cigarettes and alcohol will increase. 500 million rupees will be allocated to remove the plantation lion houses and build separate houses within three years.

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Privileges for Government Employees

Registration fee will be abolished to encourage youth for vocational training. 25 per cent tax will be levied on individuals and companies earning more than Rs 200 crore. Rs 5,000 million will be allocated to provide relief to small, medium and micro enterprises. Subsidy will be given to farmers up to a maximum of two hectares at the rate of Rs. 5,000 per hectare.
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The scheme of providing motorcycles to government employees will be re-launched. 500 million will be allocated for the first phase. The retirement age for government employees will be raised to 65. It has been suggested to increase the retirement age of MPs from 5 years to 10 years. It has been reported that Rs. 200 million will be allocated for the health of the prisoners.

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