The maximum amount of compensation to be paid to an employee of the private sector and semi-government institutions (corporations and statutory bodies) whose service is terminated as per the requirement of the relevant institution has been increased. As per the Compensation Formula issued on March 15, 2005, under the Termination of Employment of Workmen (Special Provisions) Act No. 45 of 1971, the maximum amount to be paid in compensation was Rs. The payment of the compensation will be effective from February 19, stated the Commissioner General of Labor. Amendment to Termination of Employment of Workmen (Special Provisions) Act No.

Source: The Nation February 28, 2021 14:03 UTC