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Govt. mulls pension scheme for private sector

3 May 2021 12:06 am - 11     - {{hitsCtrl.values.hits}}

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The attention of the government has been drawn to introduce a pension scheme and a Social Security Fund for the private sector employees, Labour Minister Nimal Siripala De Silva said.

He has also determined to depoliticise trade unions and make the private and public sector working class the backbone of the national economy under any government, Minister De Silva added.

Addressing the trade unions affiliated to the SLFP led Sri Lanka Nidahas Sevaka Sangamaya held at the party office to mark May Day 2021 under the COVID-19 health guidelines, Minister De Silva went onto say that he has been able to achieve a number of benefits for the working class and the estate sector employees since he was offered the Ministry of Labour by President Gotabaya Rajapaksa.

“I am glad to note that I have taken legislative measures to increase the compensation paid to private sector employees to Rs.2.5 million from Rs.1.25 million when their employment is terminated by the employer. The government fulfilling the pledge given at the last Presidential and Parliamentary polls has increased the daily wage of estate workers to Rs.1,000,” Minister De Silva stressed.

The Sri Lanka Nidahas Sevaka Sangamaya had also compiled a set of 21 resolutions which was handed over to President Gotabaya Rajapaksa. The resolutions inter alia demand the government to increase the monthly salary of public and private sector employees by Rs.5,000 to ease the ever-rising Cost of Living, facilitate COVID-19 patients to undergo quarantine in the safety of their own homes, increase the pensionable age of all employee to 60 years, make permanent of casual and contracted employees after 180 days of service, increase the risk allowance of public servants to Rs.400,000 from the current Rs.250,000 and many more.

Former President and SLFP leader Maithripala Sirisena, top trade union leaders of the SLFP, Lesley Devendra, Devika Kodituwakku, Roy De Mel and Bandula Ratnayaka also spoke. Environment Minister and UPFA General Secretary Mahinda Amaraweera, SLFP General Secretary and State Minister Dayasiri Jayasekara, National Organiser, State Minister Duminda Dissanayaka, State Minister Lasantha Alagiyawanna and former Minister Faiszer Musthapha were present at the ceremony. (Sandun A. Jayasekera)


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  Comments - 11

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  • Jude Monday, 03 May 2021 06:10 AM

    Oh yeah!! It's in the works for the last half century!! Yeah!!

    Jude Monday, 03 May 2021 06:11 AM

    You guys were same when in opposition!!

    RoaringCreek Monday, 03 May 2021 06:28 AM

    Minister, you are struggling the pay the pensions of the state pensioners and now taking of the private sector. What type of protection the workers at Port City will have if the present draft bill is passed in parliament?

    Desert fox Monday, 03 May 2021 08:09 AM

    To build a big enough fund to pay the government employees pension.

    SLAPE Monday, 03 May 2021 07:54 AM

    Long awaited decision. Please give same benefit as of government servants, so government will ease pressure for government jobs. Should be a contributory pension for both government

    SLAPE Monday, 03 May 2021 07:57 AM

    Please include EPF paying private sector employees to "Agrahara Insurance scheme". You can use unclaimed EPF and EPF surcharge to build up the fund and also deduct a monthly amount from salary to grow the fund

    Mahesh Monday, 03 May 2021 08:12 AM

    Things of this nature will eventually discourage business community and they will move to countries with less labour issues.

    Dee Monday, 03 May 2021 08:20 AM

    Never mind a pension, please ensure our EPF and ETF is secure. We will manage our own pension!

    Sokrates Monday, 03 May 2021 08:26 AM

    In other words, private employers should now offset the skyrocketing prices of food that are the result of the government's horrific economic mismanagement.

    Flower Monday, 03 May 2021 08:35 AM

    MULL ne!!!

    Rishan Monday, 03 May 2021 08:43 AM

    Good idea. But dont touch existing EPF money as a fund for this pension scheme.


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