Shirajiv Sirimane
The Employee Provident Fund (EPF) is shrinking and if remedies are not introduced, assets will have to be liquidated, Deputy Foreign Minister, Dr. Harsha De Silva said .
Speaking at the National Pensioners’ Day Symposium at the SLFI yesterday he said that in 2013 inflows to the FPF was around Rs. 80 billion while outflows were Rs. 50 billion. In 2014, the inflows were Rs. 90 billion while the outflows saw a steady increase of Rs. 65 billion. “This is an alarming trend.”
He said that one reason for this is that the retirement age of 55. “I think that this should be made 60 soon.” He also said that people being in jobs for a longer period will help the economy as they will become earners and not dependents of the government.
Speaker Karu Jayasuriya said that Sri Lanka is having the biggest public sector and also the biggest security forces, (as against the population.).
He said that Sri Lanka should soon formulate policies for a National Pension Framework.
The Pensions Department expects to create a productive dialogue on the topic ‘Towards National Pension Framework’ and to socialize the outcome of the dialogue. Public Administration and Management Minister Ranjith Maddumabandara, Malaysia’s Public Service Department Senior Deputy Director,Ool Goan Lee, several researchers and academics also participated.
www.dailynews.lk
The Employee Provident Fund (EPF) is shrinking and if remedies are not introduced, assets will have to be liquidated, Deputy Foreign Minister, Dr. Harsha De Silva said .
Speaking at the National Pensioners’ Day Symposium at the SLFI yesterday he said that in 2013 inflows to the FPF was around Rs. 80 billion while outflows were Rs. 50 billion. In 2014, the inflows were Rs. 90 billion while the outflows saw a steady increase of Rs. 65 billion. “This is an alarming trend.”
He said that one reason for this is that the retirement age of 55. “I think that this should be made 60 soon.” He also said that people being in jobs for a longer period will help the economy as they will become earners and not dependents of the government.
Speaker Karu Jayasuriya said that Sri Lanka is having the biggest public sector and also the biggest security forces, (as against the population.).
He said that Sri Lanka should soon formulate policies for a National Pension Framework.
The Pensions Department expects to create a productive dialogue on the topic ‘Towards National Pension Framework’ and to socialize the outcome of the dialogue. Public Administration and Management Minister Ranjith Maddumabandara, Malaysia’s Public Service Department Senior Deputy Director,Ool Goan Lee, several researchers and academics also participated.
www.dailynews.lk
No comments:
Post a Comment