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More TUs Oppose Pension Scheme

May 17, 2011 10:36:49 AM - thesundayleader.lk

Several trade unions from Corporations, boards and authorities have condemned the government’s proposed pension scheme for private sector and semi-government employees.

The Joint Trade Union Federation of Corporations, Boards and Authorities (JTUFCBA) has said the scheme is being pushed by the government to take control of the employees’ funds and not to provide any benefits to the workers.

Head of JTUFCBA, D. M. Wijeratne has told the media that the unions would give one week for the government to withdraw the bill or has threatened to resort to severe trade union action.

According to Wijeratne, the scheme is not socially responsible and does not provide any protection to the employees, as they would be provided only 60% of the monies in their account in the event of a disability or death.

The JTUFCBA is currently holding discussions with other trade unions to launch a joint trade union action.

Meanwhile the government has said the proposed pension scheme would be presented to parliament next month for approval.