|
|
|
|
Rs 100 b estimated for pensions
It was Rs. 20 billion for 2000 and Rs.93 billion for 2009. There are some new inputs which had been added to the pension minute by the Government
Shirley WIJESINGHE
The estimated budget for pensions for 2010 is Rs.100 billion and there will be no delay in making payments to pensioners numbering 450,000, Director General of Pensions K.A. Thilakaratne said.
It was Rs. 20 billion for 2000 and Rs.93 billion for 2009. he added. There are some new inputs which had been added to the pension minute by the present Government aimed at providing more benefits to the public servants pension.
That is the main reason for the inflated pension bill. We have absorbed workers in the textile and fruit industry which was under the public sector to the pension scheme, Thilakaratne said.
He was speaking at the media conference organized to explain the present progress of the Pensions Department yesterday. Some delays in the payment of commuted pension are there. About 1000 applications are received monthly and are on the waiting list and such payments will be made on a priority basis when funds are released from the Treasury, Thilakaratne said.
He said that the Government has already accepted the proposal of abolishing the pension anomalies as a policy even amidst financial difficulties faced.
|
|
|
|
Search All News and Discussions
Share On Facebook
7 Nov 2009 10:24:14 GMT