Press briefing of Cabinet Decision taken on 2022-10-03

Revising the Retirement Age of Employees in the State Owned Enterprises

- The compulsory age of retirement of the employees serving in the State Owned Enterprises has to be revised as 60 years as proposed by the Interim Budget 2022 passed by Parliament. Accordingly, the proposal made by the Hon. President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to issue the relevant Circular instructions imposing relevant provisions for the same with effect from 2023‑01‑01, was approved by the Cabinet.