News
New private sector retirement age: Question mark over mandatory or voluntary status
…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.
News
Record 1,600 students take Russian Classical Ballet examination in Sri Lanka
More than 1,600 students sat this year’s Russian Classical Ballet Examination, the largest number ever to take part in the examination in Sri Lanka. Exams were held in Colombo from 5, to 18, October and in Galle on 10 October.
Students aged four and above came from across the island, including Colombo, Galle, Gampaha, Negombo, Matara, Kelaniya, Panadura, Wattala, Kiribathgoda, Ratnapura, Kandy, Kurunegala, Bandarawela and Badulla. They are taught by 15 dedicated teachers trained in the Vaganova method, the renowned Russian system of classical ballet training.
They were examined by Dr. Oxana Karnovich of the Moscow State Academy of Choreography, a distinguished academic and curator.
The Russian School of Ballet and Dancing was established in 2001 by Michael Ustinov, Buddhapriya Ramanayake and Mrs Chandi Aluvihare, with Mrs Galina Pleshakova as its founding instructor. Today the School is led by Director Madam Maria Popova, Counsellor of the Embassy of the Russian Federation in Sri Lanka.

News
Buddhist hierarchy demands prison perks for monk convicts
MONETABRIEF– Sri Lanka’s two most senior Buddhist chapters, Malwatte and Asgiriya, demanded special concessions for monks serving prison sentences, following the disrobing of convicted monk Ven. Galagodaatte Gnanasara in line with established procedures.
The chief prelate of the Asgiriya chapter, Most Venerable Warakagoda Sri Gnanarathana, told Prisons Commissioner Senaka Palletenna that Ven. Gnanasara, who is serving a six-year sentence for contempt of court, must be released immediately.
Prison authorities have no power to release or pardon convicts, but Palletenna told the monk in Kandy on Friday that he would convey his request to the relevant government authorities.
“There is no point in talking about this and that… The entire country has been shaken (??????? ) . He must be released,” the Asgiriya chief prelate said.
The Malwatte chief prelate, Most Venerable Thibbatuwawe Sri Siddhartha Sumangala, appeared to accept the court verdict against Ven. Gnanasara, but asked the prisons chief whether a separate section could be established for convicted monks.
Palletenna noted that a special ward for the clergy already existed at Welikada Prison.
At least 63 convicted Buddhist monks are currently incarcerated within Sri Lanka’s criminal justice system.
Meanwhile, a group of 34 Buddhist monks named in a Colombo Fort Magistrate’s Court order to vacate the vicinity of the Presidential Secretariat ended their protest and dispersed after lunch on Friday.The monks are demanding an unconditional pardon for Ven. Gnanasara, who has previously been imprisoned, making him a reconvicted prisoner.
News
Debate on NCM against Speaker postponed indefinitely
The debate on the no-confidence motion against Speaker Dr. Jagath Wickramaratne, submitted by the Samagi Jana Balawegaya (SJB), has been postponed indefinitely pending the Attorney General’s opinion on certain technical issues in the motion.
Government representatives raised the matter at a meeting of the Committee on Parliamentary Business, pointing out that several provisions of the motion required clarification and that the Attorney General’s advice should be obtained.
As obtaining the opinion would take time, the debate could not be scheduled for the next parliamentary week, parliamentary sources said.
Chief Opposition Whip Gayantha Karunatilaka said a date for the debate would be decided after the Attorney General’s advice was received.
Meanwhile, Parliament is scheduled to meet from October 20 to 23, Secretary General of Parliament Kushani Rohanadeera announced.
The parliamentary business for the week was finalised at a meeting of the Committee on Parliamentary Business held on Friday (16) under the chairmanship of Deputy Speaker Dr. Rizvie Salih.
On each sitting day, the period from 9.30 a.m. to 10 a.m. will be allocated for parliamentary business under Items 1 to 6 of Standing Order 22. Questions for Oral Answers will be taken up from 10 a.m. to 11 a.m., followed by questions under Standing Order 27(2) from 11 a.m. to 11.30 a.m.
On Tuesday, October 20, an Opposition-sponsored Adjournment Motion will be debated from 11.30 a.m. to 5.30 p.m.
On Wednesday, October 21, a resolution under the Public Debt Management Act and a Supplementary Estimate will be taken up for debate and approval from 11.30 a.m. to 5 p.m. The annual reports of five statutory institutions will subsequently be presented for approval without debate, while questions at the Adjournment Time will be taken up from 5 p.m. to 5.30 p.m.
On Thursday, October 22, the Second Reading debates on two Bills to amend the Poisons, Opium and Dangerous Drugs Ordinance (Bills Nos. 79 and 80) will be held from 11.30 a.m. to 5 p.m.
The annual reports of five statutory institutions will then be taken up for approval without debate, followed by an Opposition-sponsored Adjournment Motion from 5 p.m. to 5.30 p.m.
On Friday, October 23, the Second Reading debate on the Elimination of Rabies and Registration of Dogs Bill will be held from 11.30 a.m. to 5 p.m. A Government-sponsored Adjournment Motion will be debated during the final half-hour of the sitting.
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