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Govt.: Considering Revising Retirement Age

Sep 10, 2010 3:45:21 AM - thesundayleader.lk

Justice Minister Athauda Seneviratne says the country would have to extend the retirement age due to the emerging ageing population.

Seneviartne told parliament yesterday (9) during the debate on the National Institute of Labour Studies Bill that Sri Lanka would have an increased ageing population in a few years time.

He added that Sri Lanka’s labour population is decreasing as a result of low birth rate, which had declined to 1.1 percent during recent times.

“We will not be able to allow those who reach the age of 60 to retire any more,” he said.