- Approximately 25,000 employees retire from Public Service annually and the payment of pension gratuity through state banks was introduced to pay their gratuity as soon as possible. Currently, the said process works efficiently and productively. As such, the proposal made by Hon. Ravi Karunanayake, the Minister of Finance, to grant authority to the General Treasury to increase the ceiling of the revolving credit facilities given to the Director General of Pensions, by the Bank of Ceylon, Peoples' Bank and the National Savings Bank, whenever necessary, based on the necessity of providing services, with a view to continuing the said activity uninterruptedly in future too, was approved by the Cabinet.