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New private sector retirement age: Question mark over mandatory or voluntary status

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…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 benefit of private sector workers receiving an opportunity to work till 60, too, should be taken into consideration.

Responding to another query, Attygalle emphasized the proposal pertaining to compulsory retirement age dealt only with the private sector. “No. It did not affect the armed forces or the police,” Attygalle explained, pointing out the rationale in bringing the retirement age of both public and private sector workers on par.

The top Finance Ministry official emphasized that there couldn’t be any confusion in that regard as the particular proposal dealt with the private sector.

The Finance Secretary said that a decision would have to be made with regard to the increase of retirement age of private sector workers to 60 whether it was voluntary or mandatory.

At the moment, the retirement age of men and women in the private sector stands at 55 and50, respectively.

Responding to another query, Attygalle pointed out that at the time the then government established the fund in terms of the Employees’ Provident Fund Act No 15 of 1958, the life expectancy of the men and women were 58.8 and 57.5, respectively.

The largest superannuation fund in the country is meant to provide retirement benefits for the private and semi government sector employees.

Attygalle explained that the government policy was to introduce required changes to the EPF Act in accordance with the much improved life expectancy of both men and women, estimated at 72 and 76.6, respectively.

The passage of budget 2021 is a mere formality as the government enjoys a staggering 2/3 majority in parliament. The second reading of the budget was passed on Saturday (21) with a majority of 99 votes.

State Minister of Money, Capital Market and State Enterprise Reforms Ajith Nivard Cabraal strongly endorsed the move. When The Island sought an explanation how private sector workers’ concerns about them having to wait five years more to obtain EPF funds, State Minister Cabraal said that he earned the wrath of some for suggesting 20 percent of the fund should be released to members in view of the corona epidemic. The former Central Bank Governor made the proposal in March this year in his capacity as the senior economic affairs advisor to the Premier Mahinda Rajapaksa.



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Sajith warns country is being dragged into authoritarian rule 

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Sajith Premadasa

Opposition and SJB Leader Sajith Premadasa has alleged that the current government is attempting to suppress freedom of expression and media freedom to lead the country towards authoritarian rule.

In a video message on Thursday (25), Premadasa said that in a democratic country, the four main pillars safeguarding democracy are the legislature, the executive, the judiciary, and the independent media, but, at present, the government is using the police to violate both the democratic rights of the people and the rights of police officers themselves.

He said that the government is working to establish a police state that deprives citizens of their right to access truthful information.

“For democracy to be protected, media freedom must be safeguarded, and space must be given to independent media. Instead, the government is interfering with the independent media process, using the police to suppress and intimidate independent media,” he said.

He noted that even when independent media present their views based on reason, facts, and evidence, the government attempts to suppress them. Such actions, he said, amount to turning a democratic country into a police state. “Do not suppress the voice of the silent majority, the independent media,” he urged.

Premadasa emphasised that independent media represent the voice of the silent majority in the country and must not be suppressed.

“Media repression is a step towards authoritarian rule, and the people did not give their mandate to create an authoritarian regime or a police state. If the government attempts to abolish democratic rights, the Samagi Jana Balawegaya will stand as the opposition against it,” he said.

The Opposition Leader further alleged that the government was interfering with police independence, stating, “Political interference has undermined the independence of the police, making it impossible for them to serve impartially. Suppressing freedom of expression is an attempt to lead the country towards authoritarian rule.”

Premadasa pointed out that the media has the right to reveal the truth, and interfering with that right is a violation of the rights of 22 million citizens.

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Wholesale mafia blamed for unusually high vegetable prices  

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Vegetable prices at the Peliyagoda Manning Wholesale Market surged to unusually high levels yesterday (26), raising concerns among consumers as the festive season drives up demand. The situation is expected to persist over the next few days, a spokesman for the Manning Market told The Island.

He said a sharp increase in the number of buyers visiting the wholesale market, ahead of upcoming festivities, had resulted in a sudden spike in demand, prompting wholesale traders to raise prices significantly. The price hikes have affected a wide range of commonly consumed vegetables, placing additional pressure on household budgets.

According to market sources, the wholesale price of beans climbed to Rs. 1,100 per kilogram, while capsicum soared to Rs. 2,000 per kilogram. Green chillies were selling at around Rs. 1,600 per kilogram. Prices of other vegetables, including beetroot, brinjal (eggplant), tomatoes, bitter gourd, snake gourd and knolkhol, also recorded unusually high increases.

The spokesman alleged that despite the steep rise in prices, vegetable farmers have not benefited from the increases. Instead, he claimed that a group of traders, who effectively control operations at the wholesale market, are arbitrarily inflating prices to maximise profits.

He warned that if the relevant authorities fail to intervene promptly to curb these practices, vegetable prices could escalate further during the peak festive period. Such a trend, he said, would disproportionately benefit a small group of middlemen while leaving consumers to bear the brunt of higher food costs.

By Kamal Bogoda ✍️

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Cyclone-damaged Hakgala Botanical Garden reopened with safety measures

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Hakgala Botanical Garden

The Hakgala National Botanical Garden, which was closed in the aftermath of Cyclone Ditwah, has been reopened to tourists from yesterday, the Ministry of Environment indicated.

The Ministry said the reopening was carried out in accordance with recommendations and guidelines issued by the National Building Research Organisation (NBRO) and the DisasterManagement Centre (DMC) after safety assessments were completed.

However, due to the identification of hazardous ground conditions, several areas, within the garden, have been temporarily restricted. These include the pond area, near the main entrance, and access roads leading towards the forest park where potential risks were observed. Warning signs have been installed to prevent visitors from entering these zones.

To ensure the safety and convenience of both local and foreign visitors, the garden’s management has introduced a special assistance programme, with staff deployed to guide and support tourists.

The Hakgala Botanical Garden was closed as a precautionary measure during the disaster situation triggered by Cyclone Ditwah. The Ministry noted that the garden has now been safely reopened, within a short period, following remedial measures and inspections, allowing visitors to resume access while maintaining necessary safety precautions.

By Sujeewa Thathsara ✍️

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