The retirement age of employees of State Corporations and Statutory Board has been increased. Citing the Finance Secretary, the official Government website said that the retirement age has been increased from 55 to 57 years.
It said that this is effective from the first of this month. Hitherto employees had to retire when they reach 55 years but were able to extend it to 57 years. According to the new decision employees in state Corporations and Statutory Board can serve until the age of 57 years without requesting for a service extension. The employees who reach the age of 55 years are also permitted to retire voluntarily. Finance Secretary Dr. P.B. Jayasundera said that the related circular had been issued to all Ministry Secretaries and Heads of State institutions.