…concerns over workers’ inability to receive EPF at 55
By Shamindra Ferdinando
Treasury Secretary S.R. Attygalle yesterday (22) said that the implementation of the 2021 budget proposal to increase the retirement age of private sector workers to 60 would have to be discussed with stakeholders before a final decision was made.
Prime Minister Mahinda Rajapaksa, in his capacity as the Finance Minister presented to Parliament the government policy with regard to the private sector retirement and now the implementation would have to be worked out, Attygalle said.
The Treasury Secretary said so when The Island asked him whether private sector workers would be deprived of an opportunity to withdraw their EPF (Employees Provident Fund) at 55 years.
When The Island pointed out that many workers required the EPF for various family commitments, particularly education purposes and pay dowry et al, the Treasury Chief said the…