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MR Agrees To More Consultations On Private Pension Scheme

Apr 25, 2011 12:33:18 PM - thesundayleader.lk

President Mahinda Rajapaksa has agreed to have more consultations on the controversial pension scheme for the private sector after putting it on hold.

The President has made the decision following a meeting trade union representatives over the proposed piece of legislation that is also being challenged in court.

Trade unions, employees and employers all requested for more consultations on the pension bill.

The Employers Federation of Ceylon (EFC) has stated the unions and employers emphasized that there has not been a proper consultation process prior to the introduction of the Bill with the relevant stakeholders such as the trade unions and the employers.

The President, according to the EFC, had immediately agreed to the request and instructed the Labour Ministry and Finance Ministry to arrange a meeting along with the stakeholders to discuss and clarify the issues about the scheme.