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Circular issued on extending Public Sector employees’ retirement age

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The Finance Ministry on Tuesday issued a Circular announcing the revision of the retirement age of employees serving in public enterprises from 57 years to 62 years with effect from January 1 next year.

The Circular, undersigned by Treasury Secretary S.R. Attygalle, has been sent to all Secretaries of the Ministers and State Ministers and Chairmen of Public Enterprises including State Banks.

The Circular was issued in accordance with provisions of the Budget 2022.

“The optional age of the retirement of employees of the Public Enterprise is 57 years of age, however, if any officer intends to serve beyond this limit, he/she may continue to serve up to the compulsory age of retirement i.e. 62 years of age without applying for an extension of service.

During the age of 57—62 years, the officer at his/her discretion, may retire from the service after giving 3 months prior notice to the appointing authority,” the Circular read.

“If the appointing authority decides that the extension of service beyond the age of 57 years, should not be granted to any officer , whose efficiency and the performance is not satisfactory , the appointing authority has the authority to retire him/her from the service by giving six month prior notice, enabling the officer to appeal against the decisions,” it added.

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