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A new pension scheme is to be launched

Apr 3, 2011 12:36:07 AM - itnnews.lk

A pension scheme will be launched from next month to for all employees who are not entitled for a pension.

Minister Basil Rajapaksa stated this at a meeting held in Kandy. The Minister said the President has taken a giant step through the budget. It is the most revolutionary measure introduced for the Government servants. He said that the pension scheme for all employees in the Private and Banking sectors including the self employed and the foreign employed will be legalized before the 01st of May. He said that it is the most important decision taken after the introduction of the Employees Provident Fund.

The Minister expressed these views at the 5th National Convention of the Samurdhi Development Officers which was held at the Upcountry Arts Association Hall.