Additional allowance for Public Service pensioners announced

Date:

August 02, Colombo (LNW): Finance State Minister Ranjith Siyambalapitiya has announced that public service pensioners will receive an extra Rs. 3,000 allowance, increasing the total interim allowance to Rs. 5,500 starting in September.

Following presidential directives, an expert committee led by U. R. Senevirathne was established to tackle salary disparities among public servants.

Minister Siyambalapitiya noted that this interim allowance will be in effect until the new salary structure is introduced in 2025.

The State Minister highlighted that the government will spend an additional Rs. 8.4 billion in 2024 to provide this allowance to approximately 700,000 retirees.

Despite the challenges of managing the state budget, this interim allowance has been introduced as a swift solution to support retired government employees facing financial difficulties.

Share post:

spot_imgspot_img

Popular

More like this
Related

A Diplomatic Farewell: Julie Chung Prepares to Bid Adieu to Sri Lanka After Four Transformative Years

A Diplomatic Farewell: Julie Chung Prepares to Bid Adieu to Sri Lanka After Four Transformative Years

Spheres of Influence and the New World Order of 2026

The arrest of Venezuelan President Nicolás Maduro by U.S....

Gem Sri Lanka 2026 Set to Shine on Global Stage

Building on the momentum of its first two highly...

Private Sector Pensions on the Table as EPF Faces Overhaul

Sri Lanka’s proposal to transform the Employees’ Provident Fund...