Connect with us

news

New private sector retirement age: Question mark over mandatory or voluntary status

Published

on

…concerns over workers’ inability to receive EPF at 55

By Shamindra Ferdinando

Treasury Secretary S.R. Attygalle yesterday (22) said that the implementation of the 2021 budget proposal to increase the retirement age of private sector workers to 60 would have to be discussed with stakeholders before a final decision was made.

Prime Minister Mahinda Rajapaksa, in his capacity as the Finance Minister presented to Parliament the government policy with regard to the private sector retirement and now the implementation would have to be worked out, Attygalle said.

The Treasury Secretary said so when The Island asked him whether private sector workers would be deprived of an opportunity to withdraw their EPF (Employees Provident Fund) at 55 years.

When The Island pointed out that many workers required the EPF for various family commitments, particularly education purposes and pay dowry et al, the Treasury Chief said the benefit of private sector workers receiving an opportunity to work till 60, too, should be taken into consideration.

Responding to another query, Attygalle emphasized the proposal pertaining to compulsory retirement age dealt only with the private sector. “No. It did not affect the armed forces or the police,” Attygalle explained, pointing out the rationale in bringing the retirement age of both public and private sector workers on par.

The top Finance Ministry official emphasized that there couldn’t be any confusion in that regard as the particular proposal dealt with the private sector.

The Finance Secretary said that a decision would have to be made with regard to the increase of retirement age of private sector workers to 60 whether it was voluntary or mandatory.

At the moment, the retirement age of men and women in the private sector stands at 55 and50, respectively.

Responding to another query, Attygalle pointed out that at the time the then government established the fund in terms of the Employees’ Provident Fund Act No 15 of 1958, the life expectancy of the men and women were 58.8 and 57.5, respectively.

The largest superannuation fund in the country is meant to provide retirement benefits for the private and semi government sector employees.

Attygalle explained that the government policy was to introduce required changes to the EPF Act in accordance with the much improved life expectancy of both men and women, estimated at 72 and 76.6, respectively.

The passage of budget 2021 is a mere formality as the government enjoys a staggering 2/3 majority in parliament. The second reading of the budget was passed on Saturday (21) with a majority of 99 votes.

State Minister of Money, Capital Market and State Enterprise Reforms Ajith Nivard Cabraal strongly endorsed the move. When The Island sought an explanation how private sector workers’ concerns about them having to wait five years more to obtain EPF funds, State Minister Cabraal said that he earned the wrath of some for suggesting 20 percent of the fund should be released to members in view of the corona epidemic. The former Central Bank Governor made the proposal in March this year in his capacity as the senior economic affairs advisor to the Premier Mahinda Rajapaksa.

Author


  • News Advertiesment

    See Kapruka’s top selling online shopping categories such as ToysGroceryFlowersBirthday CakesFruitsChocolatesClothing and Electronics. Also see Kapruka’s unique online services such as Money Remittence,NewsCourier/DeliveryFood Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

    Author

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

news

Test post

Published

on

sdfsdf sdf sf sf sdf sf sdf

Author

Continue Reading

news

AG not bound by its recommendations, yet to receive report

Published

on

PCoI on Easter Sunday attacks:

By Shamindra Ferdinando

Attorney General Dappula de Livera, PC is not bound by recommendations made by the Presidential Commission of Inquiry (P CoI) into the 2019 Easter Sunday carnage, or presidential directives in that regard, according to authoritative sources.

They said that the AG couldn’t under any circumstances initiate legal proceedings until he had received the full PCoI report.

President Gotabaya Rajapaksa received the PCoI report on Feb 1. The President’s Office delivered a set of PCoI reports to Speaker Mahinda Yapa Abeywardena on Feb 23, a day after the report was presented to the cabinet of ministers. The Island raised the matter with relevant authorities in the wake of a section of the media reporting the PCoI recommending punitive measures against former President Maithripala Sirisena, Defence Secretary Hemasiri Fernando, IGP Pujitha Jayasundera, Chief of State Intelligence Senior DIG Nilantha Jayawardena, Chief of National Intelligence retired DIG Sisira Mendis and All Ceylon Makkal Congress (ACMC) leader and Samagi Jana Balavegaya MP Rishad Bathiudeen et al over the Easter Sunday carnage.

Sources pointed out that due to the inordinate delay in sharing the PCoI report with the AG, the department hadn’t been able to take preliminary measures required to initiate the proceedings. Sources said that a team of officers would take at least six weeks or more to examine the report before tangible measures could be taken.

With the AG scheduled to retire on May 24, 2021, even if the AG Department received the P CoI it would be quite a tough task to initiate proceedings ahead of retirement, sources said. However, in terms of the 20th Amendment to the Constitution enacted in last October, both the AG and the IGP could receive extensions beyond 60 at the President’s discretion.

 

Dappula de Livera received an Acting appointment as the AG a week after the Easter Sunday carnage whereas his predecessor Jayantha Jayasuriya, PC, was elevated to Chief Justice.

Responding to another query, sources said that the Attorney General two weeks ago requested Secretary to the President for a copy of the P CoI. However, the AG was yet to receive one, sources said. In spite of the AG not receiving a P CoI copy, the AG had instructed the IGP to obtain a copy of the report when he requested the police to complete investigations into the Easter Sunday carnage. The AG issued specific instructions after having examined police files pertaining to the investigations.

The IGP, too, hadn’t received a copy so far though some sections of the report were in the public domain.

Agriculture Minister Mahindananda Aluthgamage displayed at a live political programme on Derana a copy of the P CoI report he received at the cabinet meeting earlier in the day.

Sources said that the Attorney General’s Department couldn’t decide on a course of action in respect of the Easter carnage on the basis of a section of the report. In terms of the Commission of Inquiry Act (Section 24), the AG enjoyed significant powers/authority in respect of investigations; sources said adding that the Department urgently required both the P CoI report and police investigations report. The Attorney General’s Department has raised the delay in receiving a P CoI report amidst the Catholic Church attacking the government over the same issue.

Sources said that ministerial committee appointed to study the P CoI report couldn’t decide on how to proceed with the recommendations and the matter was entirely in the hands of the AG. Sources pointed out that the delay on the part of the government to release the report had received the attention of sections of the international media, including the New York Times. Public Security Minister retired Rear Admiral Sarath Weerasekera having met Malcolm Cardinal Ranjith at the Bishop’s House on Dec 8, 2020 said that the AG would get a copy of the P CoI report once the President received it. Minister Weerasekera said that the CID had handed over the relevant files after having completed investigations into eight blasts. Referring to the Parliamentary Select Committee (PSC) report on the Easter Sunday carnage, the former Navy Chief of Staff said that all such documents would have to be brought to one place and considered before initiating legal proceedings. Acknowledging that there could be delays, lawmaker Weerasekera said that on the instructions of the Attorney General a 12-member team of lawyers was working on the case. The minister vowed to expose the mastermind behind the Easter Sunday attacks. Investigations continued while some of those wanted were overseas, the minister said.

The minister acknowledged that the Attorney General couldn’t proceed without the P CoI report. Minister Weerasekera reiterated that once the President received the P CoI report, it would be sent to the Attorney General. The minister said that there were documents two to three feet high that needed scrutiny. The minister assured comprehensive investigation. The minister said that investigations pertaining to eight blasts had been completed and the reports handed over to the AG. However, the Attorney General had found shortcomings in those investigations.

Author

Continue Reading

news

JVP picks holes in PCoI report

Published

on

By Saman Indrajith

The Presidential Commission of Inquiry on the Easter Sunday bombings had failed to identify the mastermind of , the JVP said yesterday.

Addressing the media at the party headquarters in Pelawatte, JVP Propaganda Secretary MP Vijitha Herath said that the PCoI report had levelled accusations against former President Maithripala Sirisena, former IGP and head of intelligence for their dereliction of duty, shirking of responsibilities and not taking action to prevent the attacks and negligence. There were reference to the causes of the terror attacks and actions to be taken to avoid such attacks and the influence of extremist organisations. “However, there is no mention of the mastermind of the attacks, the handlers of the attackers and those whose interests the carnage served. It is also not mentioned whether there has been any foreign or local organisation behind those attacks. As per the PCoI report the attack took place as a result of culmination of extremism.

“According to the PCoI the extremist activities were a result of the prevailing political situation then. The entire nation was waiting to see who was responsible and who masterminded those attacks. The PCoI has failed to identify the true culprits responsible for the terror attacks. The report says that the leader of the suicide cadres killed himself in the attacks and it was a puzzle. That means those who are actually responsible for the attacks are still at large. The report does not provide exact details of the sources of the attacks. The PCoI had sittings for one year and five months. It summoned various persons and got their statements but it has failed to shed any light on the terror attacks. Everybody knows that the top leaders of the government and heads of security and intelligence establishments failed in their duties. Ranil Wickremesinghe was the second in command and he too is bound by the responsibility but the PCoI report fails to identify him as one of the persons against whom legal action should be instituted. The PCoI has treated Wickremesinghe and former President Maithripala Sirisena differently. We are not telling that this report is a total failure but we cannot accept this as a complete report. The PCoI handed over its report to the President on Feb 1. After 23 days it was sent to Parliament. Now, a copy of the report is there in the parliamentary library for the perusal of MPs.”

Herath said that the PCoI did not have powers to take punitive action. “It only has powers to name those responsible and recommend action to be taken against those named.

Author

Continue Reading
  • HomePage Advertiesment – middle11

    Author

  • HomePage Advertiesment – middle11

    Author

  • HomePage Advertiesment – middle11

    Author