A committee headed by the Commissioner of Labor has been appointed to draft legislation to extend the retirement age of private-sector employees to 60 years. Minister of Labor Nimal Siripala de Silva expressing his views to the media today (23) said that the employers’ union and the trade union leaders should come to a resolution on the matter within a week. The Minister said that he had discussed the issue of extending the retirement age before the National Labor Advisory Council and that the trade union leaders had agreed to extend the retirement age. He added that there is no objection to receiving the provident fund when retiring after 60 years. They point out that there will be many issued in productivity and that individuals with illnesses should not be forced to work until 60 years old.

Source: The Nation December 23, 2020 10:07 UTC