Friday May 22, 2020 06:56:26
ECONOMYNEXT – Sri Lanka is looking to raise the retirement age of doctors and some technical grades to 61 from the current 60, the state information office said.
President Gotabaya Rajapaksa had asked for a committee to be appointed to look into the issue of raising the retirement age of all technical fields at a weekly cabinet meeting.
Health Minister Pavithra Wanniarachchi had made a proposal to raise the retirement age of doctors to 61 from 60.
Sri Lanka has an aging population but also has a bloated state sector with 1.4 million state workers.
There are about 3.4 million formal private sector workers in productive sectors, according to official data as well as 2.7 million own account workers such as farmers.
Over 50 cents of every tax rupee collected from the people are spent on salaries and pensions of state workers.
State workers get lifetime pensions, tax slashed car permits. Politicians get tax free cars.
At one time state workers did not pay income taxes. (Colombo/May22/2020-sb)